PotlatchDeltic Co. (NASDAQ:PCH) Receives Consensus Recommendation of "Moderate Buy" from Analysts

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) has received an average rating of "Moderate Buy" from the six brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $47.83.

Several equities research analysts have recently commented on the stock. BMO Capital Markets upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 target price on the stock in a research note on Friday, December 6th. Raymond James upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research report on Monday, December 23rd. Truist Financial dropped their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a report on Monday, January 6th. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Westwood Holdings Group Inc. boosted its holdings in PotlatchDeltic by 3.6% in the second 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 acquiring an additional 58,111 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of PotlatchDeltic by 33.0% in 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 purchasing an additional 304,352 shares during the last quarter. Adelante Capital Management LLC grew its position in shares of PotlatchDeltic by 3,486.3% during the 3rd quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust's stock worth $51,684,000 after buying an additional 1,115,272 shares during the period. JPMorgan Chase & Co. raised its stake in shares of PotlatchDeltic by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust's stock worth $40,565,000 after buying an additional 163,774 shares during the last quarter. Finally, Curi RMB Capital LLC raised its stake in shares of PotlatchDeltic by 0.5% during 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 buying an additional 1,578 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Price Performance

NASDAQ:PCH traded up $0.49 during mid-day trading on Friday, hitting $42.32. The company's stock had a trading volume of 354,506 shares, compared to its average volume of 410,037. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 201.52 and a beta of 1.16. 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 fifty-two week low of $37.06 and a fifty-two week high of $48.08. The stock has a fifty day moving average of $41.45 and a 200-day moving average of $42.11.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.08. The business had revenue of $255.10 million during the quarter, compared to analysts' expectations of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. PotlatchDeltic's quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. As a group, equities analysts forecast that PotlatchDeltic will post 0.21 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Monday, December 16th. PotlatchDeltic's dividend payout ratio (DPR) is presently 857.14%.

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.