Brokerages Set PotlatchDeltic Co. (NASDAQ:PCH) Target Price at $48.57

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) has been given an average rating of "Moderate Buy" by the seven ratings firms that are covering the firm, 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 $48.57.

Several equities analysts have recently issued reports on the company. Truist Financial decreased their price objective on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a research note on Monday, January 6th. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. BMO Capital Markets upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 target price for the company in a research note on Friday, December 6th. Raymond James upgraded 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. Finally, DA Davidson restated a "buy" rating and set a $53.00 target price on shares of PotlatchDeltic in a research note on Tuesday, January 28th.

PotlatchDeltic Trading Down 0.8 %

Shares of NASDAQ:PCH traded down $0.34 during midday trading on Tuesday, reaching $43.96. 504,960 shares of the company's stock were exchanged, compared to its average volume of 436,885. The firm's 50 day simple moving average is $41.68 and its two-hundred day simple moving average is $42.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 157.00 and a beta of 1.17. PotlatchDeltic has a fifty-two week low of $37.06 and a fifty-two week high of $47.65.

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

PotlatchDeltic Announces Dividend

The company also recently announced 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 4.09%. PotlatchDeltic's payout ratio is 642.86%.

Insiders Place Their Bets

In related news, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were 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 owns 27,701 shares of the company's stock, valued at approximately $1,241,558.82. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the sale, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,651 shares of company stock worth $834,770. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of PotlatchDeltic

Several large investors have recently bought and sold shares of the company. Parvin Asset Management LLC purchased a new position in shares of PotlatchDeltic during the 4th quarter valued at approximately $314,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of PotlatchDeltic by 340.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 29,942 shares of the real estate investment trust's stock valued at $1,175,000 after buying an additional 23,139 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of PotlatchDeltic by 249.5% during the 4th quarter. AQR Capital Management LLC now owns 211,154 shares of the real estate investment trust's stock valued at $8,288,000 after buying an additional 150,745 shares during the last quarter. Northern Trust Corp boosted its stake in shares of PotlatchDeltic by 8.7% during the 4th quarter. Northern Trust Corp now owns 1,233,250 shares of the real estate investment trust's stock valued at $48,405,000 after buying an additional 98,914 shares during the last quarter. Finally, Quarry LP boosted its stake 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 during the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.

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.