PotlatchDeltic Co. (NASDAQ:PCH) Receives $48.71 Consensus Price Target from Brokerages

Shares of PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $48.71.

A number of equities analysts have recently issued reports on PCH shares. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Raymond James raised 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. DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a research note on Wednesday, January 29th. BMO Capital Markets raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price objective for the company in a research note on Friday, December 6th. Finally, Truist Financial decreased their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, January 6th.

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Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the completion of the sale, the chief financial officer now directly owns 27,701 shares of the company's stock, valued at approximately $1,241,558.82. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock valued at $834,770 in the last 90 days. Insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new stake in PotlatchDeltic in the fourth quarter worth $217,145,000. Balyasny Asset Management L.P. boosted its holdings in shares of PotlatchDeltic by 256.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 567,371 shares of the real estate investment trust's stock valued at $22,269,000 after buying an additional 408,355 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in shares of PotlatchDeltic by 17.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust's stock worth $92,623,000 after buying an additional 351,777 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of PotlatchDeltic by 12.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust's stock worth $94,360,000 after acquiring an additional 260,674 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock worth $44,960,000 after acquiring an additional 245,026 shares in the last quarter. Institutional investors own 86.06% of the company's stock.

PotlatchDeltic Price Performance

Shares of PCH stock traded down $2.33 during trading on Wednesday, hitting $42.53. The company had a trading volume of 573,593 shares, compared to its average volume of 434,749. The stock's 50-day moving average is $44.88 and its two-hundred day moving average is $43.26. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 151.89 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, topping analysts' consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. As a group, analysts predict that PotlatchDeltic will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.23%. PotlatchDeltic's dividend payout ratio is presently 642.86%.

About PotlatchDeltic

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.