Brokerages Set PotlatchDeltic Co. (NASDAQ:PCH) Target Price at $48.57

Shares of PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) have earned an average rating of "Moderate Buy" from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $48.57.

PCH has been the subject of a number of recent analyst reports. Citigroup reissued a "buy" rating and set a $47.00 price target (down previously from $49.00) on shares of PotlatchDeltic in a research report on Tuesday, June 3rd. Truist Financial dropped their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd.

PotlatchDeltic Trading Down 1.2%

NASDAQ PCH traded down $0.45 during mid-day trading on Monday, hitting $38.66. The company's stock had a trading volume of 614,588 shares, compared to its average volume of 474,375. The firm has a market capitalization of $3.04 billion, a P/E ratio of 138.07 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. PotlatchDeltic has a 52-week low of $36.82 and a 52-week high of $48.12. The stock's fifty day simple moving average is $39.08 and its two-hundred day simple moving average is $41.68.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 1.05% and a net margin of 2.06%. The company's quarterly revenue was up 17.6% on a year-over-year basis. Research analysts expect that PotlatchDeltic will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.80 annualized dividend and a yield of 4.66%. PotlatchDeltic's dividend payout ratio (DPR) is currently 295.08%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. UMB Bank n.a. boosted its position in PotlatchDeltic by 41.6% during the 1st quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 254 shares during the last quarter. EagleClaw Capital Managment LLC boosted its holdings in PotlatchDeltic by 0.5% during the fourth quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust's stock worth $2,442,000 after purchasing an additional 300 shares during the last quarter. Capital Square LLC grew its position in PotlatchDeltic by 0.8% in the fourth quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust's stock valued at $1,711,000 after purchasing an additional 337 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in PotlatchDeltic by 168.1% during the 1st 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. Finally, Xponance Inc. boosted its stake in shares of PotlatchDeltic by 4.3% during the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock worth $420,000 after buying an additional 446 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

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.