PotlatchDeltic (NASDAQ:PCH) Upgraded at StockNews.com

StockNews.com upgraded shares of PotlatchDeltic (NASDAQ:PCHFree Report) from a sell rating to a hold rating in a research note issued to investors on Friday.

PCH has been the topic of several other research reports. DA Davidson reaffirmed a “buy” rating and set a $53.00 target price on shares of PotlatchDeltic in a research note on Tuesday, January 28th. Truist Financial lowered their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Citigroup cut their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. 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 report on Monday, December 23rd. Finally, BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a report on Friday, December 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.57.

Read Our Latest Analysis on PCH

PotlatchDeltic Price Performance

NASDAQ:PCH opened at $44.73 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 0.93. The company has a 50 day moving average price of $41.65 and a 200-day moving average price of $42.47. PotlatchDeltic has a 1-year low of $37.06 and a 1-year high of $47.65. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 159.75 and a beta of 1.16.

PotlatchDeltic (NASDAQ:PCHGet Free Report) last released its quarterly earnings results 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 1.05% and a net margin of 2.06%. Equities research analysts forecast that PotlatchDeltic will post 0.8 EPS for the current year.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.02%. PotlatchDeltic’s payout ratio is currently 642.86%.

Hedge Funds Weigh In On PotlatchDeltic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PCH. Adelante Capital Management LLC boosted its position in shares of PotlatchDeltic by 3,486.3% in the 3rd quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock valued at $51,684,000 after purchasing an additional 1,115,272 shares during the period. Heitman Real Estate Securities LLC acquired a new stake in shares of PotlatchDeltic in the third quarter valued at approximately $8,153,000. Ceredex Value Advisors LLC purchased a new position in shares of PotlatchDeltic during the third quarter worth approximately $7,884,000. JPMorgan Chase & Co. increased its holdings in shares of PotlatchDeltic by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after acquiring an additional 163,774 shares during the period. Finally, NFJ Investment Group LLC purchased a new stake in PotlatchDeltic in the 3rd quarter valued at $5,878,000. 86.06% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for PotlatchDeltic (NASDAQ:PCH)

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