PotlatchDeltic Co. (NASDAQ:PCH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

PotlatchDeltic Co. (NASDAQ:PCH) has earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $47.83.

PCH has been the topic of several recent research reports. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Monday, December 23rd. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. 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 report on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday, October 30th. Finally, Truist Financial reduced their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, January 6th.

PotlatchDeltic Price Performance

PotlatchDeltic stock opened at $41.83 on Friday. The business’s 50-day simple moving average is $41.47 and its 200 day simple moving average is $42.12. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 199.19 and a beta of 1.16. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $48.08. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. The business had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.14 earnings per share. As a group, research analysts anticipate that PotlatchDeltic will post 0.21 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.45 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 4.30%. PotlatchDeltic’s dividend payout ratio is presently 857.14%.

Hedge Funds Weigh In On PotlatchDeltic

Several institutional investors and hedge funds have recently modified their holdings of the business. Procyon Advisors LLC grew its position in shares of PotlatchDeltic by 37.3% in the 4th quarter. Procyon Advisors LLC now owns 9,241 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 2,511 shares during the period. Empirical Asset Management LLC bought a new stake in PotlatchDeltic in the 4th quarter valued at approximately $1,773,000. JPMorgan Chase & Co. lifted its stake in PotlatchDeltic by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after acquiring an additional 163,774 shares in the last quarter. TCW Group Inc. bought a new stake in PotlatchDeltic in the 3rd quarter valued at approximately $1,923,000. Finally, Neo Ivy Capital Management bought a new stake in PotlatchDeltic in the 3rd quarter valued at approximately $376,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

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.