PotlatchDeltic (PCH) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of PotlatchDeltic (NASDAQ: PCH) in the last few weeks:

• 11/1/2023 – PotlatchDeltic had its price target lowered by analysts at Royal Bank of Canada from $52.00 to $48.00. They now have a “sector perform” rating on the stock.
• 11/1/2023 – PotlatchDeltic was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/1/2023 – PotlatchDeltic had its price target lowered by analysts at Truist Financial Co. from $55.00 to $50.00. They now have a “hold” rating on the stock.
• 10/30/2023 – PotlatchDeltic was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
• 10/23/2023 – PotlatchDeltic was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 10/15/2023 – PotlatchDeltic was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 10/7/2023 – PotlatchDeltic was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/29/2023 – PotlatchDeltic was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

PotlatchDeltic Stock Performance

PCH stock traded up $0.33 on Friday, reaching $47.40. The company’s stock had a trading volume of 137,506 shares, compared to its average volume of 400,064. The firm has a fifty day moving average of $45.08 and a two-hundred day moving average of $47.90. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.95 and a quick ratio of 2.43. The company has a market capitalization of $3.79 billion, a P/E ratio of 57.81 and a beta of 1.22. PotlatchDeltic Co. has a 52 week low of $41.31 and a 52 week high of $54.44.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.08). PotlatchDeltic had a return on equity of 1.98% and a net margin of 6.46%. The company had revenue of $265.50 million during the quarter, compared to analyst estimates of $264.92 million. During the same period in the previous year, the company earned $0.74 EPS. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, analysts predict that PotlatchDeltic Co. will post 0.47 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.80 annualized dividend and a dividend yield of 3.80%. PotlatchDeltic’s dividend payout ratio (DPR) is 219.51%.

Institutional Investors Weigh In On PotlatchDeltic

Several hedge funds and other institutional investors have recently bought and sold shares of the business. VitalStone Financial LLC grew its position in PotlatchDeltic by 109.6% in the third quarter. VitalStone Financial LLC now owns 3,608 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 1,887 shares during the last quarter. Tudor Investment Corp Et Al bought a new stake in shares of PotlatchDeltic during the 3rd quarter worth $1,715,000. Public Employees Retirement System of Ohio grew its holdings in shares of PotlatchDeltic by 8.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 77,631 shares of the real estate investment trust’s stock worth $3,524,000 after acquiring an additional 5,781 shares during the last quarter. Morgan Stanley raised its position in shares of PotlatchDeltic by 5.5% during the third quarter. Morgan Stanley now owns 485,129 shares of the real estate investment trust’s stock worth $22,020,000 after purchasing an additional 25,083 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of PotlatchDeltic by 10.0% during the third quarter. The Manufacturers Life Insurance Company now owns 97,866 shares of the real estate investment trust’s stock valued at $4,442,000 after purchasing an additional 8,901 shares during the last quarter. 85.76% of the stock is currently owned by institutional investors.

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.