PotlatchDeltic (NASDAQ:PCH - Free Report) had its price target trimmed by Citigroup from $52.00 to $46.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the real estate investment trust's stock.
A number of other research analysts also recently weighed in on PCH. Truist Financial reduced their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Raymond James raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Monday, December 23rd. StockNews.com upgraded 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. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $47.83.
View Our Latest Stock Report on PCH
PotlatchDeltic Stock Performance
PCH stock traded up $1.07 during midday trading on Wednesday, hitting $40.94. The company's stock had a trading volume of 376,412 shares, compared to its average volume of 429,443. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 194.95 and a beta of 1.16. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average price is $41.49 and its 200 day moving average price is $42.12. PotlatchDeltic has a 1 year low of $37.06 and a 1 year high of $48.08.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. On average, equities analysts forecast that PotlatchDeltic will post 0.15 EPS for the current year.
PotlatchDeltic Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend was Monday, December 16th. PotlatchDeltic's dividend payout ratio (DPR) is presently 857.14%.
Institutional Trading of PotlatchDeltic
A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of PotlatchDeltic during the second quarter valued at about $82,000. Quest Partners LLC purchased a new position in PotlatchDeltic during the second quarter valued at approximately $85,000. Systematic Financial Management LP bought a new stake in PotlatchDeltic during the 3rd quarter worth approximately $166,000. FMR LLC lifted its stake in PotlatchDeltic by 20.4% in the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 733 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new position in PotlatchDeltic in the 3rd quarter valued at $219,000. Hedge funds and other institutional investors own 86.06% of the company's stock.
About PotlatchDeltic
(
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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.
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