Media coverage about PotlatchDeltic (NASDAQ:PCH) has trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PotlatchDeltic earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.0110774167248 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
Several research analysts recently commented on PCH shares. Zacks Investment Research raised shares of PotlatchDeltic from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, December 27th. BidaskClub downgraded shares of PotlatchDeltic from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. UBS raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating in a research note on Monday, January 8th. BMO Capital Markets raised their price target on shares of PotlatchDeltic from $42.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Finally, Bank of America raised shares of PotlatchDeltic from an “underperform” rating to a “neutral” rating and set a $54.00 target price on the stock in a research report on Tuesday, January 2nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.17.
NASDAQ PCH traded down $0.10 during trading on Friday, reaching $52.65. 571,664 shares of the company’s stock traded hands, compared to its average volume of 602,280. PotlatchDeltic has a 12-month low of $43.15 and a 12-month high of $56.35. The company has a market capitalization of $2,142.23, a price-to-earnings ratio of 21.71, a price-to-earnings-growth ratio of 3.54 and a beta of 1.31. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.91 and a current ratio of 2.58.
PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.06). PotlatchDeltic had a net margin of 12.74% and a return on equity of 55.47%. The firm had revenue of $175.24 million during the quarter, compared to the consensus estimate of $170.54 million. equities analysts expect that PotlatchDeltic will post 2.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Wednesday, March 7th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Tuesday, March 6th. PotlatchDeltic’s dividend payout ratio is currently 67.80%.
In related news, CEO Michael J. Covey sold 98,939 shares of PotlatchDeltic stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $51.01, for a total value of $5,046,878.39. Following the completion of the sale, the chief executive officer now directly owns 211,523 shares in the company, valued at approximately $10,789,788.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William R. Dereu sold 3,690 shares of PotlatchDeltic stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $51.83, for a total transaction of $191,252.70. Following the completion of the sale, the vice president now owns 26,895 shares of the company’s stock, valued at $1,393,967.85. The disclosure for this sale can be found here. Insiders sold a total of 173,669 shares of company stock worth $9,001,448 over the last 90 days. Company insiders own 1.52% of the company’s stock.
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PotlatchDeltic Corporation (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 land sales program.
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