PotlatchDeltic (NASDAQ:PCH) has received an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $51.17.
PCH has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of PotlatchDeltic from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Wednesday, December 27th. BidaskClub lowered shares of PotlatchDeltic from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. UBS upgraded 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 target price on shares of PotlatchDeltic from $42.00 to $49.00 and gave the company a “market perform” rating in a research note on Monday, February 12th. Finally, Bank of America upgraded shares of PotlatchDeltic from an “underperform” rating to a “neutral” rating and set a $54.00 target price on the stock in a research note on Tuesday, January 2nd.
NASDAQ:PCH traded down $0.10 during midday trading on Friday, reaching $52.65. The stock had a trading volume of 571,664 shares, compared to its average volume of 602,280. PotlatchDeltic has a 1-year low of $43.15 and a 1-year high of $56.35. The company has a current ratio of 2.58, a quick ratio of 1.91 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of $2,142.23, a PE ratio of 21.71, a PEG ratio of 3.54 and a beta of 1.31.
PotlatchDeltic (NASDAQ:PCH) last posted its earnings results on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share (EPS) 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 analyst estimates of $170.54 million. analysts anticipate that PotlatchDeltic will post 2.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Wednesday, March 7th were given a $0.40 dividend. The ex-dividend date was Tuesday, March 6th. This represents a $1.60 annualized dividend and a yield of 3.04%. PotlatchDeltic’s dividend payout ratio is 67.80%.
In other PotlatchDeltic news, VP William R. Dereu sold 3,690 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $51.83, for a total value of $191,252.70. Following the sale, the vice president now directly owns 26,895 shares in the company, valued at approximately $1,393,967.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael J. Covey sold 19,414 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $54.41, for a total transaction of $1,056,315.74. 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.
A number of hedge funds and other institutional investors have recently bought and sold shares of PCH. Millennium Management LLC grew its position in PotlatchDeltic by 230.6% in the 4th quarter. Millennium Management LLC now owns 901,562 shares of the real estate investment trust’s stock worth $44,988,000 after purchasing an additional 628,836 shares during the last quarter. American Century Companies Inc. grew its position in PotlatchDeltic by 43.6% in the 4th quarter. American Century Companies Inc. now owns 1,258,456 shares of the real estate investment trust’s stock worth $62,797,000 after purchasing an additional 382,281 shares during the last quarter. Renaissance Technologies LLC grew its position in PotlatchDeltic by 19.4% in the 4th quarter. Renaissance Technologies LLC now owns 2,113,953 shares of the real estate investment trust’s stock worth $105,486,000 after purchasing an additional 344,100 shares during the last quarter. Teachers Advisors LLC grew its position in PotlatchDeltic by 455.0% in the 4th quarter. Teachers Advisors LLC now owns 403,321 shares of the real estate investment trust’s stock worth $20,126,000 after purchasing an additional 330,657 shares during the last quarter. Finally, Deutsche Bank AG grew its position in PotlatchDeltic by 230.9% in the 4th quarter. Deutsche Bank AG now owns 395,715 shares of the real estate investment trust’s stock worth $19,742,000 after purchasing an additional 276,124 shares during the last quarter. Institutional investors own 89.84% 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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