PotlatchDeltic Co. (NASDAQ:PCH) Receives $51.33 Consensus Price Target from Brokerages

Shares of PotlatchDeltic Co. (NASDAQ:PCHGet Free Report) have been given a consensus recommendation of “Hold” by the three ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $51.33.

Several equities analysts have commented on the stock. Raymond James downgraded shares of PotlatchDeltic from a “strong-buy” rating to a “market perform” rating in a report on Monday, November 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $48.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 31st. Finally, Truist Financial decreased their price objective on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st.

View Our Latest Analysis on PotlatchDeltic

PotlatchDeltic Price Performance

NASDAQ:PCH opened at $46.20 on Friday. PotlatchDeltic has a 12-month low of $41.31 and a 12-month high of $54.44. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 60.00 and a beta of 1.15. The stock’s 50 day moving average price is $45.48 and its two-hundred day moving average price is $45.95. The company has a quick ratio of 1.14, a current ratio of 1.44 and a debt-to-equity ratio of 0.40.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 3.90%. PotlatchDeltic’s payout ratio is 233.77%.

Insider Transactions at PotlatchDeltic

In other news, VP Michele Tyler sold 3,968 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.14, for a total value of $179,115.52. Following the completion of the transaction, the vice president now owns 31,864 shares of the company’s stock, valued at $1,438,340.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Eric J. Cremers sold 17,591 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $793,881.83. Following the completion of the transaction, the chief executive officer now owns 241,111 shares in the company, valued at approximately $10,881,339.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Michele Tyler sold 3,968 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,438,340.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,124 shares of company stock valued at $1,043,626. 2.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in PotlatchDeltic by 13.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,311 shares of the real estate investment trust’s stock valued at $1,335,000 after purchasing an additional 3,064 shares during the period. BlackRock Inc. increased its position in PotlatchDeltic by 3.0% during the 1st quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust’s stock valued at $472,566,000 after purchasing an additional 258,490 shares during the period. APG Asset Management N.V. grew its position in shares of PotlatchDeltic by 99.4% during the 1st quarter. APG Asset Management N.V. now owns 32,500 shares of the real estate investment trust’s stock worth $1,540,000 after buying an additional 16,200 shares during the period. Great West Life Assurance Co. Can grew its position in shares of PotlatchDeltic by 11.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,159 shares of the real estate investment trust’s stock worth $2,120,000 after buying an additional 4,003 shares during the period. Finally, Yousif Capital Management LLC grew its position in shares of PotlatchDeltic by 7.3% during the 1st quarter. Yousif Capital Management LLC now owns 37,230 shares of the real estate investment trust’s stock worth $1,963,000 after buying an additional 2,546 shares during the period. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Company Profile

(Get Free Report

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.

Read More

Receive News & Ratings for PotlatchDeltic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PotlatchDeltic and related companies with MarketBeat.com's FREE daily email newsletter.