PotlatchDeltic Co. (NASDAQ:PCH) Receives Consensus Rating of “Moderate Buy” from Analysts

PotlatchDeltic Co. (NASDAQ:PCH) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $48.57.

A number of equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Monday, December 23rd. Citigroup lowered their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. DA Davidson reaffirmed a “buy” rating and set a $53.00 price target on shares of PotlatchDeltic in a research note on Tuesday, January 28th. Finally, BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research report on Friday, December 6th.

PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH opened at $44.79 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The business’s fifty day moving average price is $41.65 and its two-hundred day moving average price is $42.59. PotlatchDeltic has a fifty-two week low of $37.06 and a fifty-two week high of $47.65. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 159.96 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. As a group, analysts predict that PotlatchDeltic will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is presently 642.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PCH. Fifth Third Bancorp grew its stake in PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 818 shares in the last quarter. Systematic Financial Management LP acquired a new stake in shares of PotlatchDeltic in the 3rd quarter valued at approximately $166,000. KBC Group NV grew its stake in shares of PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 1,483 shares in the last quarter. FMR LLC increased its holdings in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new stake in PotlatchDeltic during the third quarter worth $219,000. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Company Profile

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.