PotlatchDeltic (NASDAQ:PCH) Receives Buy Rating from DA Davidson

DA Davidson reiterated their buy rating on shares of PotlatchDeltic (NASDAQ:PCH) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $53.00 price objective on the real estate investment trust’s stock.

A number of other brokerages have also weighed in on PCH. StockNews.com lowered PotlatchDeltic from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Citigroup decreased their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Truist Financial decreased their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Finally, Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.57.

PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH traded up $1.09 during trading on Tuesday, reaching $43.60. The company had a trading volume of 570,090 shares, compared to its average volume of 419,366. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 207.62 and a beta of 1.16. 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 stock’s fifty day moving average price is $41.53 and its 200 day moving average price is $42.41. PotlatchDeltic has a fifty-two week low of $37.06 and a fifty-two week high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. As a group, equities research analysts predict that PotlatchDeltic will post 0.21 EPS for the current year.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.80 annualized dividend and a yield of 4.13%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

Hedge Funds Weigh In On PotlatchDeltic

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp lifted its position in PotlatchDeltic by 259.7% during the fourth 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 purchased a new position in PotlatchDeltic during the second quarter worth about $82,000. Systematic Financial Management LP purchased a new position in PotlatchDeltic during the third quarter worth about $166,000. KBC Group NV lifted its position in PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,483 shares during the period. Finally, FMR LLC lifted its position in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 shares during the period. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Company Profile

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.