Brokerages Set PotlatchDeltic Co. (NASDAQ:PCH) PT at $48.43

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $48.43.

PCH has been the subject of several research reports. Truist Financial dropped their target price on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Finally, Wall Street Zen upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st.

PotlatchDeltic Trading Down 0.3%

PotlatchDeltic stock traded down $0.11 during trading on Thursday, hitting $38.28. The company had a trading volume of 540,759 shares, compared to its average volume of 467,927. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 136.71 and a beta of 1.16. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. PotlatchDeltic has a 1-year low of $36.82 and a 1-year high of $48.12. The company's 50 day simple moving average is $40.44 and its 200-day simple moving average is $42.05.

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

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, June 6th. PotlatchDeltic's payout ratio is presently 295.08%.

Institutional Trading of PotlatchDeltic

A number of large investors have recently made changes to their positions in the company. Norges Bank purchased a new position in PotlatchDeltic in the fourth quarter worth approximately $217,145,000. Deutsche Bank AG raised its holdings in shares of PotlatchDeltic by 472.1% in the 1st quarter. Deutsche Bank AG now owns 908,253 shares of the real estate investment trust's stock valued at $40,980,000 after purchasing an additional 749,491 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of PotlatchDeltic by 254.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 876,480 shares of the real estate investment trust's stock worth $39,547,000 after purchasing an additional 629,334 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in shares of PotlatchDeltic during the first quarter worth $19,176,000. Finally, Balyasny Asset Management L.P. increased its holdings in PotlatchDeltic by 256.8% in 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 buying an additional 408,355 shares during the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

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.