Several other equities analysts also recently weighed in on PCH. TheStreet downgraded shares of Potlatchdeltic from a b rating to a c+ rating in a report on Monday, October 28th. Zacks Investment Research downgraded shares of Potlatchdeltic from a buy rating to a strong sell rating in a report on Saturday, February 8th. Bank of America set a $47.00 target price on shares of Potlatchdeltic and gave the company a buy rating in a report on Friday, October 25th. Raymond James upgraded shares of Potlatchdeltic from a market perform rating to an outperform rating and set a $48.00 target price for the company in a report on Tuesday, January 7th. Finally, ValuEngine downgraded shares of Potlatchdeltic from a buy rating to a hold rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $44.86.
NASDAQ:PCH opened at $42.53 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.04 and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average price of $42.81 and a two-hundred day moving average price of $41.64. Potlatchdeltic has a twelve month low of $33.31 and a twelve month high of $45.42. The company has a market capitalization of $2.86 billion, a P/E ratio of 51.87 and a beta of 1.40.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, March 5th. This represents a $1.60 annualized dividend and a dividend yield of 3.76%. Potlatchdeltic’s dividend payout ratio is currently 200.00%.
In other Potlatchdeltic news, COO Eric J. Cremers sold 7,145 shares of Potlatchdeltic stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $41.65, for a total transaction of $297,589.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas J. Temple sold 2,116 shares of Potlatchdeltic stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $41.66, for a total transaction of $88,152.56. The disclosure for this sale can be found here. Insiders have sold a total of 34,640 shares of company stock worth $1,443,031 over the last ninety days. 3.00% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the stock. Hoey Investments Inc. acquired a new position in shares of Potlatchdeltic during the fourth quarter valued at $27,000. Farmers & Merchants Investments Inc. bought a new stake in Potlatchdeltic in the fourth quarter worth about $32,000. Corbenic Partners LLC acquired a new stake in Potlatchdeltic during the 4th quarter worth about $50,000. Penserra Capital Management LLC raised its holdings in Potlatchdeltic by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 1,390 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 278 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in Potlatchdeltic during the 4th quarter worth about $108,000. Institutional investors and hedge funds own 86.41% of the company’s stock.
Potlatchdeltic Company Profile
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program.
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