PotlatchDeltic Co. (NASDAQ:PCH) Receives $48.71 Average Target Price from Analysts

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $48.71.

PCH has been the subject of a number of recent research reports. BMO Capital Markets upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 target price for the company in a report on Friday, December 6th. Citigroup reduced their price objective 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. Raymond James raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research report on Monday, December 23rd. DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 29th. Finally, StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st.

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Insiders Place Their Bets

In other news, CEO Eric J. Cremers sold 14,188 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the sale, the chief executive officer now owns 281,133 shares in the company, valued at $12,583,513.08. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total value of $141,762.40. Following the transaction, the vice president now owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,651 shares of company stock valued at $834,770. 2.00% of the stock is owned by insiders.

Institutional Trading of PotlatchDeltic

A number of hedge funds have recently added to or reduced their stakes in PCH. EagleClaw Capital Managment LLC raised its holdings in PotlatchDeltic by 0.5% in the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust's stock worth $2,442,000 after purchasing an additional 300 shares during the period. Capital Square LLC increased its position in shares of PotlatchDeltic by 0.8% in the fourth quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust's stock valued at $1,711,000 after buying an additional 337 shares in the last quarter. Saturna Capital Corp increased its position in shares of PotlatchDeltic by 3.7% in the third quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust's stock valued at $452,000 after buying an additional 356 shares in the last quarter. Xponance Inc. lifted its position in shares of PotlatchDeltic by 4.3% during the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock valued at $420,000 after buying an additional 446 shares in the last quarter. Finally, Quarry LP lifted its position in shares of PotlatchDeltic by 224.2% during the 4th 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. 86.06% of the stock is owned by hedge funds and other institutional investors.

PotlatchDeltic Trading Down 2.2 %

Shares of NASDAQ:PCH traded down $0.99 during trading hours on Friday, hitting $44.90. 475,582 shares of the company's stock traded hands, compared to its average volume of 410,527. The business has a fifty day moving average price of $43.29 and a 200-day moving average price of $43.05. The firm has a market capitalization of $3.54 billion, a P/E ratio of 160.36 and a beta of 1.14. 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 has a 1 year low of $37.06 and a 1 year high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. Equities analysts expect that PotlatchDeltic will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.01%. PotlatchDeltic's dividend payout ratio is currently 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.