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

Shares of PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings 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 12 month target price among brokerages that have covered the stock in the last year is $48.43.

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

PotlatchDeltic Stock Up 3.0%

Shares of NASDAQ PCH traded up $1.14 during mid-day trading on Thursday, reaching $39.42. The company had a trading volume of 559,441 shares, compared to its average volume of 469,063. PotlatchDeltic has a twelve month low of $36.82 and a twelve month high of $48.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. The stock has a market capitalization of $3.10 billion, a PE ratio of 140.79 and a beta of 1.16. The stock's 50 day moving average is $40.16 and its 200-day moving average is $42.00.

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

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.57%. The ex-dividend date is Friday, June 6th. PotlatchDeltic's dividend payout ratio (DPR) is presently 295.08%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its holdings in shares of PotlatchDeltic by 168.1% during the first quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock worth $30,000 after buying an additional 417 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of PotlatchDeltic during the first quarter worth approximately $30,000. Quarry LP increased its holdings in shares of PotlatchDeltic by 224.2% during the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock worth $27,000 after buying an additional 482 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of PotlatchDeltic by 41.6% during the first quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock worth $39,000 after buying an additional 254 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock worth $44,000 after buying an additional 818 shares in the last quarter. Institutional investors and hedge funds 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.