Truist Financial Cuts PotlatchDeltic (NASDAQ:PCH) Price Target to $44.00

PotlatchDeltic (NASDAQ:PCH) had its target price trimmed by Truist Financial from $45.00 to $44.00 in a research report released on Monday,Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

A number of other research analysts have also issued reports on the stock. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research report on Friday, December 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Monday, December 23rd. Finally, Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Thursday, September 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.20.

PotlatchDeltic Price Performance

NASDAQ PCH opened at $39.00 on Monday. The firm has a market cap of $3.07 billion, a P/E ratio of 185.71 and a beta of 1.16. The stock’s 50-day moving average is $41.71 and its two-hundred day moving average is $42.11. PotlatchDeltic has a fifty-two week low of $37.06 and a fifty-two week high of $49.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93.

PotlatchDeltic (NASDAQ:PCH) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. During the same period in the previous year, the company earned $0.14 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, analysts anticipate that PotlatchDeltic will post 0.15 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.45 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.80 annualized dividend and a yield of 4.62%. PotlatchDeltic’s dividend payout ratio (DPR) is 857.14%.

Institutional Trading of PotlatchDeltic

Institutional investors have recently modified their holdings of the company. Quarry LP bought a new position in PotlatchDeltic in the second quarter worth $82,000. Quest Partners LLC bought a new position in shares of PotlatchDeltic during the 2nd quarter worth about $85,000. Systematic Financial Management LP acquired a new stake in shares of PotlatchDeltic during the 3rd quarter valued at about $166,000. FMR LLC increased its stake in PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 733 shares during the period. Finally, ZWJ Investment Counsel Inc. acquired a new position in PotlatchDeltic in the third quarter worth about $219,000. Institutional investors and hedge funds 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.