PotlatchDeltic (NASDAQ:PCH) Sets New 1-Year High - Time to Buy?

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) shares reached a new 52-week high during trading on Monday . The stock traded as high as $48.12 and last traded at $47.83, with a volume of 260178 shares. The stock had previously closed at $46.43.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PCH shares. Citigroup lowered their target price on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. BMO Capital Markets raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price objective on the stock in a report on Friday, December 6th. DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th. Finally, Raymond James raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research report on Monday, December 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PotlatchDeltic has a consensus rating of "Moderate Buy" and an average price target of $48.71.

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PotlatchDeltic Stock Performance

The business has a 50-day moving average price of $43.00 and a 200-day moving average price of $42.96. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 165.29 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic's payout ratio is currently 642.86%.

Insider Buying and Selling

In other news, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction 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 in the company, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the completion of the transaction, the chief financial officer now directly owns 27,701 shares in the company, valued at approximately $1,241,558.82. The trade was 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 worth $834,770 in the last three months. Corporate insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On PotlatchDeltic

A number of institutional investors and hedge funds have recently modified their holdings of PCH. Norges Bank purchased a new position in PotlatchDeltic during the 4th quarter worth approximately $217,145,000. Adelante Capital Management LLC raised its holdings in shares of PotlatchDeltic by 3,486.3% during the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust's stock worth $51,684,000 after purchasing an additional 1,115,272 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in PotlatchDeltic by 256.8% during the fourth 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 purchasing an additional 408,355 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in PotlatchDeltic by 17.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust's stock valued at $92,623,000 after purchasing an additional 351,777 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in PotlatchDeltic by 12.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust's stock valued at $94,360,000 after purchasing an additional 260,674 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.