PotlatchDeltic Co. (NASDAQ:PCH) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $48.40.

Several research analysts have recently commented on PCH shares. BMO Capital Markets raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price objective on the stock in a research note on Friday, December 6th. Truist Financial raised their target price on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Raymond James upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research report on Monday. Finally, StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th.

PotlatchDeltic Stock Performance

NASDAQ PCH traded up $0.75 during trading hours on Monday, hitting $39.50. 478,461 shares of the company's stock traded hands, compared to its average volume of 431,786. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $50.04. The firm has a market capitalization of $3.11 billion, a P/E ratio of 188.10 and a beta of 1.14. The business's fifty day moving average price is $42.59 and its two-hundred day moving average price is $42.25.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. The firm had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. PotlatchDeltic's revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 EPS. Equities research analysts predict that PotlatchDeltic will post 0.15 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.56%. PotlatchDeltic's dividend payout ratio is 857.14%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PCH. Westwood Holdings Group Inc. grew its holdings in PotlatchDeltic by 3.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust's stock valued at $65,554,000 after buying an additional 58,111 shares in the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of PotlatchDeltic by 33.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust's stock valued at $48,346,000 after acquiring an additional 304,352 shares during the last quarter. Adelante Capital Management LLC grew its holdings in shares of PotlatchDeltic by 3,486.3% in the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust's stock valued at $51,684,000 after purchasing an additional 1,115,272 shares in the last quarter. Curi RMB Capital LLC increased its position in PotlatchDeltic by 0.5% in the third quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust's stock worth $15,122,000 after purchasing an additional 1,578 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of PotlatchDeltic by 29.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust's stock worth $13,918,000 after buying an additional 69,887 shares during the last quarter. Hedge funds and other institutional investors 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.