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

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) has received an average rating of "Moderate Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $48.43.

Several equities analysts recently issued reports on PCH shares. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. Citigroup lowered their target price 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. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Truist Financial lowered their target price on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd.

Insider Buying and Selling

In other news, CFO Wayne Wasechek sold 1,293 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the transaction, the chief executive officer now owns 281,133 shares in the company, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,651 shares of company stock worth $834,770 in the last 90 days. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On PotlatchDeltic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP grew its stake in shares of PotlatchDeltic by 224.2% in the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 482 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of PotlatchDeltic by 168.1% in the first quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 417 shares in the last quarter. UMB Bank n.a. grew its stake in PotlatchDeltic by 41.6% during the 1st quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 254 shares in the last quarter. Fifth Third Bancorp grew its stake in PotlatchDeltic by 259.7% during the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 818 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in PotlatchDeltic by 806.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after purchasing an additional 2,227 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.

PotlatchDeltic Trading Up 0.9 %

Shares of NASDAQ:PCH traded up $0.36 during trading on Friday, reaching $39.44. 804,746 shares of the company were exchanged, compared to its average volume of 451,219. The firm has a market capitalization of $3.11 billion, a PE ratio of 140.86 and a beta of 1.12. The business's fifty day simple moving average is $43.04 and its 200-day simple moving average is $42.53. PotlatchDeltic has a 12-month low of $36.82 and a 12-month high of $48.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.14. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. On average, research analysts anticipate that PotlatchDeltic will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $0.45 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.56%. PotlatchDeltic's payout ratio is 642.86%.

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.