PotlatchDeltic (NASDAQ:PCH) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of PotlatchDeltic (NASDAQ:PCH) from a sell rating to a hold rating in a research report report published on Friday.

Several other research analysts have also weighed in on the company. BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research report on Friday, December 6th. Truist Financial dropped their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, December 23rd. DA Davidson reiterated a “buy” rating and issued a $53.00 price objective on shares of PotlatchDeltic in a research note on Tuesday. Finally, 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.57.

PotlatchDeltic Price Performance

Shares of PCH opened at $44.73 on Friday. The business has a 50-day moving average of $41.65 and a 200-day moving average of $42.46. PotlatchDeltic has a 1 year low of $37.06 and a 1 year high of $47.65. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 159.75 and a beta of 1.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.93.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. As a group, equities research analysts anticipate that PotlatchDeltic will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend was Monday, December 16th. PotlatchDeltic’s payout ratio is 642.86%.

Hedge Funds Weigh In On PotlatchDeltic

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in shares of PotlatchDeltic by 259.7% in the 4th 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 during the last quarter. KBC Group NV lifted its holdings in shares of PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,483 shares in the last quarter. Systematic Financial Management LP bought a new position in shares of PotlatchDeltic in the third quarter valued at approximately $166,000. FMR LLC boosted its holdings in PotlatchDeltic by 20.4% in the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 733 shares during the period. Finally, ZWJ Investment Counsel Inc. purchased a new position in PotlatchDeltic during the third quarter worth about $219,000. 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.