PotlatchDeltic Co. (NASDAQ:PCH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PotlatchDeltic Co. (NASDAQ:PCH) has earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $48.40.

Several analysts recently commented on the company. Truist Financial upped their target price on PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Raymond James raised shares of 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. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Friday, December 6th.

Institutional Trading of PotlatchDeltic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. grew its stake in PotlatchDeltic by 3.6% in the second quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust’s stock valued at $65,554,000 after acquiring an additional 58,111 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of PotlatchDeltic by 33.0% in the second quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock valued at $48,346,000 after buying an additional 304,352 shares in the last quarter. Adelante Capital Management LLC grew its holdings in shares of PotlatchDeltic by 3,486.3% during the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock valued at $51,684,000 after buying an additional 1,115,272 shares during the last quarter. Curi RMB Capital LLC increased its position in shares of PotlatchDeltic by 0.5% during the third quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock worth $15,122,000 after acquiring an additional 1,578 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of PotlatchDeltic by 29.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust’s stock worth $13,918,000 after purchasing an additional 69,887 shares during the last quarter. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Price Performance

Shares of NASDAQ:PCH opened at $38.75 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.24. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $50.04. The firm has a market cap of $3.05 billion, a PE ratio of 184.52 and a beta of 1.14. The firm’s fifty day moving average is $42.59 and its 200-day moving average is $42.25.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. Sell-side analysts predict that PotlatchDeltic will post 0.15 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 4.65%. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

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.