PotlatchDeltic Co. (NASDAQ:PCH) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PotlatchDeltic Co. (NASDAQ:PCH) has earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $48.40.

A number of research analysts recently weighed in on the company. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, September 12th. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Friday, December 6th. Finally, StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

Institutional Trading of PotlatchDeltic

Several institutional investors and hedge funds have recently modified their holdings of PCH. Independence Bank of Kentucky acquired a new stake in shares of PotlatchDeltic in the 2nd quarter valued at approximately $51,000. Quarry LP bought a new position in PotlatchDeltic in the 2nd quarter valued at approximately $82,000. Quest Partners LLC acquired a new stake in PotlatchDeltic in the second quarter valued at approximately $85,000. Systematic Financial Management LP bought a new stake in shares of PotlatchDeltic during the third quarter worth $166,000. Finally, FMR LLC grew its position in 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 acquiring an additional 733 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Stock Performance

Shares of PCH opened at $38.75 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $50.04. The firm has a fifty day simple moving average of $42.59 and a 200 day simple moving average of $42.25. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 184.52 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. PotlatchDeltic’s revenue was down 3.9% on a year-over-year basis. Research analysts forecast that PotlatchDeltic will post 0.15 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Monday, December 16th. PotlatchDeltic’s payout ratio is presently 857.14%.

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.