Shares of PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) traded down 5.9% during trading on Tuesday . The company traded as low as $39.72 and last traded at $39.81. 209,236 shares changed hands during trading, a decline of 51% from the average session volume of 431,376 shares. The stock had previously closed at $42.30.
Analyst Ratings Changes
Several analysts have issued reports on PCH shares. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, August 9th. Royal Bank of Canada upped their price target on shares of PotlatchDeltic from $46.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, July 31st. Bank of America raised shares of PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 price target on the stock in a report on Thursday, September 12th. Finally, Truist Financial upped their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, PotlatchDeltic has a consensus rating of "Hold" and a consensus target price of $48.67.
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PotlatchDeltic Stock Down 4.2 %
The firm has a market capitalization of $3.20 billion, a PE ratio of 88.09 and a beta of 1.13. The firm's 50 day moving average price is $43.58 and its two-hundred day moving average price is $42.22. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The business had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The business's quarterly revenue was down 3.9% compared to the same quarter last year. As a group, research analysts forecast that PotlatchDeltic Co. will post 0.01 EPS for the current fiscal year.
PotlatchDeltic Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a $0.45 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.44%. PotlatchDeltic's payout ratio is currently 391.31%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Russell Investments Group Ltd. increased its holdings in shares of PotlatchDeltic by 353.2% in the 1st quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust's stock worth $21,394,000 after acquiring an additional 354,616 shares during the period. Sei Investments Co. increased its holdings in shares of PotlatchDeltic by 47.7% in the 1st quarter. Sei Investments Co. now owns 119,049 shares of the real estate investment trust's stock worth $5,598,000 after acquiring an additional 38,461 shares during the period. Vanguard Group Inc. increased its holdings in shares of PotlatchDeltic by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust's stock worth $551,844,000 after acquiring an additional 57,237 shares during the period. Renaissance Technologies LLC increased its holdings in shares of PotlatchDeltic by 2,054.5% in the 2nd quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust's stock worth $4,053,000 after acquiring an additional 98,123 shares during the period. Finally, Edgestream Partners L.P. increased its stake in PotlatchDeltic by 327.6% during the 1st quarter. Edgestream Partners L.P. now owns 54,146 shares of the real estate investment trust's stock valued at $2,546,000 after buying an additional 41,483 shares during the period. 86.06% of the stock is currently owned by institutional investors.
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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