Truist Financial Issues Pessimistic Forecast for PotlatchDeltic (NASDAQ:PCH) Stock Price

PotlatchDeltic (NASDAQ:PCH - Free Report) had its target price cut by Truist Financial from $44.00 to $42.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust's stock.

PCH has been the topic of a number of other research reports. Citigroup dropped their target price on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Raymond James upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Monday, December 23rd. DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Finally, StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.43.

PotlatchDeltic Stock Up 0.1 %

NASDAQ PCH traded up $0.03 during mid-day trading on Tuesday, hitting $39.08. The company's stock had a trading volume of 504,131 shares, compared to its average volume of 449,795. 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's 50 day simple moving average is $43.14 and its 200 day simple moving average is $42.55. PotlatchDeltic has a twelve month low of $36.82 and a twelve month high of $48.12. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 139.57 and a beta of 1.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. Analysts anticipate that PotlatchDeltic will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 annualized dividend and a dividend yield of 4.61%. PotlatchDeltic's payout ratio is currently 642.86%.

Insider Activity at PotlatchDeltic

In related news, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total value of $141,762.40. Following the completion of the transaction, the vice president now directly owns 39,446 shares in the company, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction on 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 transaction, the chief executive officer now owns 281,133 shares of the company's stock, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,651 shares of company stock worth $834,770. Insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On PotlatchDeltic

Large investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of PotlatchDeltic during the 4th quarter valued at about $217,145,000. Balyasny Asset Management L.P. raised its stake 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 purchasing an additional 408,355 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in PotlatchDeltic by 17.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust's stock valued at $92,623,000 after purchasing an additional 351,777 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in PotlatchDeltic by 12.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust's stock worth $94,360,000 after buying an additional 260,674 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock worth $44,960,000 after buying an additional 245,026 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors.

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.