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

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $48.71.

Several research analysts recently commented on the company. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Citigroup dropped their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Monday, December 23rd. Finally, Truist Financial cut their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, January 6th.

Insider Transactions at PotlatchDeltic

In related news, CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.82, for a total value of $57,952.26. Following the completion of the sale, the chief financial officer now directly owns 27,701 shares in the company, valued at $1,241,558.82. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the completion of the sale, the vice president now owns 39,446 shares of the company’s stock, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock valued at $834,770 in the last three months. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of PotlatchDeltic

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PCH. EagleClaw Capital Managment LLC boosted its holdings in PotlatchDeltic by 0.5% during the fourth quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust’s stock worth $2,442,000 after buying an additional 300 shares during the last quarter. Capital Square LLC boosted its holdings in PotlatchDeltic by 0.8% during the fourth quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust’s stock worth $1,711,000 after buying an additional 337 shares during the last quarter. Saturna Capital Corp boosted its holdings in PotlatchDeltic by 3.7% during the third quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 356 shares during the last quarter. Xponance Inc. boosted its holdings in PotlatchDeltic by 4.3% during the fourth quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 446 shares during the last quarter. Finally, Quarry LP boosted its holdings in PotlatchDeltic by 224.2% during the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Stock Performance

Shares of NASDAQ PCH opened at $44.12 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $43.50 and its two-hundred day moving average is $43.06. The company has a market cap of $3.48 billion, a P/E ratio of 157.57 and a beta of 1.14. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $48.12.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly 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%. On average, equities analysts expect that PotlatchDeltic will post 0.8 EPS for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s payout ratio is currently 642.86%.

About PotlatchDeltic

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.