StockNews.com upgraded shares of PotlatchDeltic (NASDAQ:PCH - Free Report) from a sell rating to a hold rating in a report released on Friday morning.
Several other brokerages have also recently issued reports on PCH. Citigroup cut their target price on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Truist Financial cut their price objective on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Raymond James raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research report on Monday, December 23rd. Royal Bank of Canada reissued an "outperform" rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Finally, DA Davidson reissued a "buy" rating and issued a $53.00 price objective on shares of PotlatchDeltic in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $48.57.
View Our Latest Stock Report on PCH
PotlatchDeltic Trading Up 1.7 %
Shares of PotlatchDeltic stock opened at $44.35 on Friday. The stock has a market capitalization of $3.49 billion, a PE ratio of 158.39 and a beta of 1.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.93 and a current ratio of 1.49. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $47.65. The stock has a 50 day moving average price of $41.62 and a two-hundred day moving average price of $42.43.
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, equities analysts anticipate that PotlatchDeltic will post 0.8 earnings per share for the current fiscal year.
PotlatchDeltic Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Monday, December 16th. PotlatchDeltic's dividend payout ratio (DPR) is presently 642.86%.
Institutional Investors Weigh In On PotlatchDeltic
A number of institutional investors and hedge funds have recently modified their holdings of the company. Adelante Capital Management LLC lifted its stake in PotlatchDeltic by 3,486.3% in 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 purchasing an additional 1,115,272 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 in the last quarter. Curi RMB Capital LLC increased its stake in PotlatchDeltic by 0.5% in the 3rd quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust's stock worth $15,122,000 after acquiring an additional 1,578 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of PotlatchDeltic by 29.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust's stock valued at $13,918,000 after acquiring an additional 69,887 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of PotlatchDeltic by 6.1% during the third quarter. Fisher Asset Management LLC now owns 226,035 shares of the real estate investment trust's stock worth $10,183,000 after purchasing an additional 13,006 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.
PotlatchDeltic Company Profile
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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.
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