Raymond James upgraded shares of PotlatchDeltic (NASDAQ:PCH - Free Report) from a market perform rating to an outperform rating in a report published on Monday, Marketbeat.com reports. They currently have $45.00 price target on the real estate investment trust's stock.
PCH has been the topic of a number of other research reports. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Bank of America upgraded PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 price objective for the company in a research note on Thursday, September 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. BMO Capital Markets raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 target price on the stock in a report on Friday, December 6th. Finally, Truist Financial upped their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, PotlatchDeltic currently has an average rating of "Moderate Buy" and an average price target of $48.40.
Get Our Latest Research Report on PCH
PotlatchDeltic Stock Up 2.1 %
NASDAQ:PCH traded up $0.83 during trading hours on Monday, hitting $39.58. The company's stock had a trading volume of 743,102 shares, compared to its average volume of 432,970. PotlatchDeltic has a 52-week low of $37.06 and a 52-week high of $50.04. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.12 billion, a P/E ratio of 188.48 and a beta of 1.14. The stock has a fifty day moving average of $42.59 and a 200-day moving average of $42.25.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 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 the consensus estimate of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business's revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 EPS. On average, equities analysts forecast that PotlatchDeltic will post 0.15 earnings per share for the current year.
PotlatchDeltic Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday, December 16th. PotlatchDeltic's dividend payout ratio (DPR) is presently 857.14%.
Institutional Trading of PotlatchDeltic
Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in PotlatchDeltic by 19.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,518 shares of the real estate investment trust's stock worth $808,000 after purchasing an additional 3,378 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of PotlatchDeltic by 4.3% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 26,981 shares of the real estate investment trust's stock worth $1,063,000 after acquiring an additional 1,102 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of PotlatchDeltic by 29.9% in the 2nd quarter. Natixis Advisors LLC now owns 16,221 shares of the real estate investment trust's stock worth $639,000 after acquiring an additional 3,732 shares during the period. Rhumbline Advisers raised its holdings in PotlatchDeltic by 0.7% during the second quarter. Rhumbline Advisers now owns 295,936 shares of the real estate investment trust's stock worth $11,657,000 after purchasing an additional 2,135 shares during the last quarter. Finally, Capital Square LLC boosted its position in PotlatchDeltic by 8.7% during the second quarter. Capital Square LLC now owns 38,405 shares of the real estate investment trust's stock worth $1,623,000 after purchasing an additional 3,070 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.
About PotlatchDeltic
(
Get Free Report)
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.
Further Reading
Before you consider PotlatchDeltic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PotlatchDeltic wasn't on the list.
While PotlatchDeltic currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
