Brokerages Set PotlatchDeltic Co. (NASDAQ:PCH) Target Price at $47.83

PotlatchDeltic Co. (NASDAQ:PCH) has earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $47.83.

PCH has been the subject of a number of recent research reports. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a report on Friday, December 6th. StockNews.com downgraded shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a report on Thursday. Truist Financial reduced their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 23rd. Finally, Citigroup reduced their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

PotlatchDeltic Stock Performance

PCH stock opened at $42.09 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. The business has a 50-day moving average price of $41.49 and a 200 day moving average price of $42.27. The company has a market capitalization of $3.32 billion, a P/E ratio of 200.43 and a beta of 1.16. PotlatchDeltic has a 1-year low of $37.06 and a 1-year high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.08. The firm had revenue of $255.10 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 earnings per share. As a group, equities research analysts forecast that PotlatchDeltic will post 0.21 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.28%. PotlatchDeltic’s payout ratio is 857.14%.

Hedge Funds Weigh In On PotlatchDeltic

Hedge funds and other institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in 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 period. Quarry LP acquired a new stake in shares of PotlatchDeltic during the 2nd quarter worth approximately $82,000. KBC Group NV grew its stake in shares of PotlatchDeltic by 67.3% during the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,483 shares during the period. Systematic Financial Management LP acquired a new stake in shares of PotlatchDeltic during the 3rd quarter worth approximately $166,000. Finally, FMR LLC grew its stake in shares of PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 733 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

About PotlatchDeltic

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.