PotlatchDeltic Co. (NASDAQ:PCH) Receives $48.43 Average Target Price from Analysts

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $48.43.

PCH has been the subject of a number of research reports. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Truist Financial dropped their target price on PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Citigroup reduced their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Finally, DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th.

PotlatchDeltic Stock Performance

PCH opened at $38.71 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. PotlatchDeltic has a 52-week low of $36.82 and a 52-week high of $48.12. The firm has a market cap of $3.05 billion, a P/E ratio of 138.25 and a beta of 1.12. The business’s fifty day moving average is $42.91 and its 200-day moving average is $42.50.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The firm had revenue of $268.26 million for the quarter, compared to the consensus estimate of $243.68 million. The firm’s revenue was up 17.6% compared to the same quarter last year. Sell-side analysts expect that PotlatchDeltic will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.65%. The ex-dividend date was Friday, March 7th. PotlatchDeltic’s payout ratio is currently 642.86%.

Insiders Place Their Bets

In other news, VP Michele Tyler sold 3,170 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the transaction, the vice president now owns 39,446 shares in the company, valued at $1,764,025.12. This trade represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the transaction, the chief executive officer now directly owns 281,133 shares in the company, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,651 shares of company stock worth $834,770. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in PotlatchDeltic by 9.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 36,674 shares of the real estate investment trust’s stock valued at $1,655,000 after buying an additional 3,126 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in PotlatchDeltic by 83.5% during the first quarter. D.A. Davidson & CO. now owns 62,780 shares of the real estate investment trust’s stock worth $2,833,000 after acquiring an additional 28,562 shares during the period. Principal Financial Group Inc. boosted its position in PotlatchDeltic by 1.0% in the first quarter. Principal Financial Group Inc. now owns 166,650 shares of the real estate investment trust’s stock worth $7,519,000 after purchasing an additional 1,624 shares during the last quarter. Teacher Retirement System of Texas bought a new position in PotlatchDeltic in the 1st quarter valued at $888,000. Finally, First Horizon Advisors Inc. purchased a new stake in shares of PotlatchDeltic during the 1st quarter valued at $5,138,000. 86.06% of the stock is owned by institutional investors.

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.