PotlatchDeltic (NASDAQ:PCH) Shares Gap Down – Time to Sell?

Shares of PotlatchDeltic Co. (NASDAQ:PCH) gapped down prior to trading on Tuesday . The stock had previously closed at $42.86, but opened at $42.00. PotlatchDeltic shares last traded at $42.27, with a volume of 63,573 shares trading hands.

Wall Street Analyst Weigh In

PCH has been the subject of a number of analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research note on Friday, December 6th. Citigroup decreased their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. StockNews.com cut PotlatchDeltic from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. Finally, Raymond James raised 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.83.

PotlatchDeltic Stock Performance

The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 201.45 and a beta of 1.16. The stock has a 50-day moving average price of $41.51 and a 200-day moving average price of $42.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. As a group, analysts forecast that PotlatchDeltic Co. 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. Shareholders of record on Monday, December 16th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Monday, December 16th. PotlatchDeltic’s dividend payout ratio (DPR) is 857.14%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PCH. Adelante Capital Management LLC boosted its stake in shares of PotlatchDeltic by 3,486.3% in 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 period. Heitman Real Estate Securities LLC bought a new stake in shares of PotlatchDeltic during the 3rd quarter valued at $8,153,000. Ceredex Value Advisors LLC acquired a new stake in shares of PotlatchDeltic during the 3rd quarter worth $7,884,000. JPMorgan Chase & Co. increased its position in shares of PotlatchDeltic by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock worth $40,565,000 after purchasing an additional 163,774 shares during the period. Finally, NFJ Investment Group LLC bought a new position in shares of PotlatchDeltic in the third quarter worth $5,878,000. Institutional investors and hedge funds 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.