PotlatchDeltic Co. (NASDAQ:PCH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PotlatchDeltic Co. (NASDAQ:PCH) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $48.71.

PCH has been the topic of several analyst reports. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research note on Friday, December 6th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Monday, December 23rd. Finally, Truist Financial lowered their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th.

PotlatchDeltic Stock Performance

NASDAQ:PCH opened at $44.82 on Wednesday. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 160.07 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $48.12. The company has a fifty day simple moving average of $44.81 and a two-hundred day simple moving average of $43.25.

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

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.02%. The ex-dividend date was Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is 642.86%.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares in the company, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.82, for a total value of $57,952.26. Following the sale, the chief financial officer now directly owns 27,701 shares of the company’s stock, valued at approximately $1,241,558.82. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,651 shares of company stock worth $834,770. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On PotlatchDeltic

A number of institutional investors have recently added to or reduced their stakes in PCH. Cerity Partners LLC lifted its holdings in PotlatchDeltic by 28.4% in the third quarter. Cerity Partners LLC now owns 22,812 shares of the real estate investment trust’s stock valued at $1,028,000 after acquiring an additional 5,049 shares during the period. FMR LLC boosted 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 in the last quarter. BNP Paribas Financial Markets boosted its holdings in PotlatchDeltic by 76.2% during the third quarter. BNP Paribas Financial Markets now owns 70,998 shares of the real estate investment trust’s stock worth $3,198,000 after buying an additional 30,706 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in PotlatchDeltic by 29.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust’s stock valued at $13,918,000 after buying an additional 69,887 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new stake in shares of PotlatchDeltic during the 3rd quarter valued at approximately $366,000. Hedge funds and other 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.