PotlatchDeltic Co. (NASDAQ:PCH) Receives Average Rating of “Hold” from Brokerages

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have been assigned a consensus recommendation of “Hold” from the three brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $51.33.

Several equities research analysts have commented on PCH shares. Royal Bank of Canada restated a “sector perform” rating and issued a $48.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Truist Financial decreased their target price on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st.

PotlatchDeltic Price Performance

Shares of NASDAQ:PCH opened at $42.42 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. PotlatchDeltic has a twelve month low of $41.31 and a twelve month high of $54.44. The company’s 50 day moving average is $45.26 and its 200 day moving average is $45.89. The company has a market cap of $3.37 billion, a PE ratio of 55.09 and a beta of 1.15.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.24%. PotlatchDeltic’s payout ratio is presently 233.77%.

Insider Buying and Selling

In related news, VP Michele Tyler sold 3,968 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.14, for a total transaction of $179,115.52. Following the transaction, the vice president now directly owns 31,864 shares in the company, valued at $1,438,340.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PotlatchDeltic news, CFO Wayne Wasechek sold 1,565 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the transaction, the chief financial officer now directly owns 21,247 shares in the company, valued at approximately $958,877.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Michele Tyler sold 3,968 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.14, for a total transaction of $179,115.52. Following the completion of the transaction, the vice president now owns 31,864 shares in the company, valued at $1,438,340.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,124 shares of company stock worth $1,043,626. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On PotlatchDeltic

Institutional investors and hedge funds have recently bought and sold shares of the company. Manchester Capital Management LLC raised its stake in shares of PotlatchDeltic by 2,132.0% in the 3rd quarter. Manchester Capital Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 533 shares during the period. Millburn Ridgefield Corp purchased a new stake in shares of PotlatchDeltic in the 3rd quarter valued at approximately $28,000. Steward Partners Investment Advisory LLC raised its stake in shares of PotlatchDeltic by 490.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 903 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 750 shares during the period. Fifth Third Bancorp raised its stake in shares of PotlatchDeltic by 43.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 305 shares during the period. Finally, KBC Group NV purchased a new stake in shares of PotlatchDeltic in the 4th quarter valued at approximately $57,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

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.