PotlatchDeltic Co. (NASDAQ:PCH) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) have been assigned an average rating of "Moderate Buy" from the seven research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $48.43.

Several brokerages have commented on PCH. DA Davidson set a $54.00 price target on PotlatchDeltic in a report on Wednesday, January 29th. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Truist Financial decreased their target price on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Finally, Citigroup cut their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th.

PotlatchDeltic Stock Performance

PCH traded down $0.61 during trading hours on Friday, hitting $38.10. The company's stock had a trading volume of 285,734 shares, compared to its average volume of 453,007. The firm has a market capitalization of $3.00 billion, a PE ratio of 136.07 and a beta of 1.12. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $42.91 and a 200 day simple moving average of $42.50. PotlatchDeltic has a fifty-two week low of $36.82 and a fifty-two week high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The company had revenue of $268.26 million for the quarter, compared to analysts' expectations of $243.68 million. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The company's quarterly revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts expect that PotlatchDeltic will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.72%. PotlatchDeltic's dividend payout ratio (DPR) is presently 642.86%.

Insider Transactions at PotlatchDeltic

In other news, VP Michele Tyler sold 3,170 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the transaction, the vice president now owns 39,446 shares of the company's stock, valued at $1,764,025.12. This represents a 7.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric J. Cremers sold 14,188 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the sale, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,651 shares of company stock valued at $834,770. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PotlatchDeltic

Several hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in PotlatchDeltic by 9.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 36,674 shares of the real estate investment trust's stock valued at $1,655,000 after acquiring an additional 3,126 shares in the last quarter. D.A. Davidson & CO. grew its position in PotlatchDeltic by 83.5% in the 1st quarter. D.A. Davidson & CO. now owns 62,780 shares of the real estate investment trust's stock worth $2,833,000 after purchasing an additional 28,562 shares in the last quarter. Principal Financial Group Inc. increased its stake in PotlatchDeltic by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 166,650 shares of the real estate investment trust's stock valued at $7,519,000 after buying an additional 1,624 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of PotlatchDeltic during the 1st quarter worth approximately $888,000. Finally, First Horizon Advisors Inc. bought a new position in shares of PotlatchDeltic in the first quarter valued at approximately $5,138,000. Institutional investors own 86.06% of the company's stock.

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.