PotlatchDeltic (NASDAQ:PCH) Price Target Lowered to $44.00 at Truist Financial

PotlatchDeltic (NASDAQ:PCH - Free Report) had its price objective decreased by Truist Financial from $45.00 to $44.00 in a report released on Monday,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust's stock.

PCH has been the subject of several other research reports. Bank of America raised PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 price objective for the company in a research report on Thursday, September 12th. Royal Bank of Canada reiterated an "outperform" rating and set a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Raymond James upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Monday, December 23rd. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price target for the company in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $48.20.

PotlatchDeltic Stock Performance

PCH stock traded up $0.61 during midday trading on Monday, hitting $40.11. 575,104 shares of the company traded hands, compared to its average volume of 425,035. PotlatchDeltic has a twelve month low of $37.06 and a twelve month high of $49.32. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 191.00 and a beta of 1.16. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The business has a 50 day simple moving average of $41.79 and a 200-day simple moving average of $42.13.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. The business had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. PotlatchDeltic's revenue was down 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.14 EPS. As a group, equities research analysts predict that PotlatchDeltic will post 0.15 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.45 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.80 annualized dividend and a yield of 4.49%. PotlatchDeltic's dividend payout ratio (DPR) is currently 857.14%.

Institutional Trading of PotlatchDeltic

Institutional investors have recently made changes to their positions in the business. Adelante Capital Management LLC lifted its stake in 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 period. Deprince Race & Zollo Inc. grew its position in PotlatchDeltic by 33.0% in the second 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 acquiring an additional 304,352 shares during the period. Heitman Real Estate Securities LLC bought a new stake in PotlatchDeltic in the third quarter valued at $8,153,000. Ceredex Value Advisors LLC acquired a new position in PotlatchDeltic during the third quarter worth $7,884,000. Finally, JPMorgan Chase & Co. lifted its holdings 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 valued at $40,565,000 after acquiring an additional 163,774 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Company Profile

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.