PotlatchDeltic Co. (NASDAQ:PCH) Receives $50.67 Consensus Price Target from Analysts

PotlatchDeltic Co. (NASDAQ:PCH) has earned an average recommendation of “Hold” from the three ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $50.67.

Several research firms have issued reports on PCH. Truist Financial cut their price objective on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, January 31st. Royal Bank of Canada upgraded shares of PotlatchDeltic from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $45.00 to $46.00 in a research report on Wednesday, May 1st.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $44.22 on Friday. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 77.58 and a beta of 1.19. The business’s 50 day moving average is $44.09 and its two-hundred day moving average is $45.52. PotlatchDeltic has a 12-month low of $39.86 and a 12-month high of $54.44. The company has a current ratio of 1.42, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Friday, June 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 315.80%.

Institutional Investors Weigh In On PotlatchDeltic

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of PotlatchDeltic by 9.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,402 shares of the real estate investment trust’s stock worth $744,000 after acquiring an additional 1,350 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of PotlatchDeltic by 78.5% in the 3rd quarter. Mackenzie Financial Corp now owns 9,387 shares of the real estate investment trust’s stock valued at $421,000 after purchasing an additional 4,127 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of PotlatchDeltic by 109.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 17,058 shares of the real estate investment trust’s stock valued at $774,000 after purchasing an additional 8,915 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of PotlatchDeltic by 6.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 57,264 shares of the real estate investment trust’s stock valued at $2,599,000 after buying an additional 3,393 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of PotlatchDeltic by 43.8% during the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 305 shares during the last quarter. 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.