PotlatchDeltic Co. (NASDAQ:PCH) Receives $48.57 Average Target Price from Brokerages

PotlatchDeltic Co. (NASDAQ:PCH) has been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $48.57.

PCH has been the subject of several analyst reports. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Monday, December 23rd. Citigroup reduced their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Truist Financial reduced their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, DA Davidson reiterated a “buy” rating and issued a $53.00 price target on shares of PotlatchDeltic in a research note on Tuesday, January 28th.

PotlatchDeltic Price Performance

NASDAQ PCH opened at $43.96 on Tuesday. The business’s fifty day moving average price is $41.68 and its 200-day moving average price is $42.61. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 157.00 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 1-year low of $37.06 and a 1-year high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data 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 return on equity of 1.05% and a net margin of 2.06%. On average, equities analysts predict that PotlatchDeltic will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

Insider Buying and Selling at PotlatchDeltic

In related news, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the completion of the transaction, the chief financial officer now owns 27,701 shares of the company’s stock, valued at approximately $1,241,558.82. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michele Tyler sold 3,170 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the completion of the transaction, the vice president now directly owns 39,446 shares of the company’s stock, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock valued at $834,770 in the last 90 days. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. EagleClaw Capital Managment LLC lifted its holdings in shares of PotlatchDeltic by 0.5% in the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust’s stock valued at $2,442,000 after acquiring an additional 300 shares during the last quarter. Capital Square LLC lifted its holdings in shares of PotlatchDeltic by 0.8% in the 4th quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust’s stock valued at $1,711,000 after acquiring an additional 337 shares during the last quarter. Saturna Capital Corp lifted its holdings in shares of PotlatchDeltic by 3.7% in the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock valued at $452,000 after acquiring an additional 356 shares during the last quarter. Xponance Inc. lifted its holdings in shares of PotlatchDeltic by 4.3% in the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust’s stock valued at $420,000 after acquiring an additional 446 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of PotlatchDeltic by 224.2% in the 4th quarter. Quarry LP now owns 697 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares during the last quarter. Institutional investors 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.