PotlatchDeltic Co. (NASDAQ:PCH) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of PotlatchDeltic Co. (NASDAQ:PCH) have earned a consensus recommendation of “Hold” from 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 target price among brokers that have issued a report on the stock in the last year is $51.33.

A number of equities analysts recently issued reports on PCH shares. Truist Financial dropped their target price on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $48.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 31st.

Insider Transactions at PotlatchDeltic

In other news, 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 directly owns 31,864 shares of the company’s stock, valued at approximately $1,438,340.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Michele Tyler sold 3,968 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.14, for a total value of $179,115.52. Following the completion of the sale, the vice president now owns 31,864 shares of the company’s stock, valued at approximately $1,438,340.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Wayne Wasechek sold 1,565 shares of the 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 $70,628.45. Following the completion of the sale, the chief financial officer now directly owns 21,247 shares of the company’s stock, valued at approximately $958,877.11. The disclosure for this sale can be found here. Insiders sold 23,124 shares of company stock valued at $1,043,626 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PotlatchDeltic

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of PotlatchDeltic in the fourth quarter worth $150,557,000. Vanguard Group Inc. increased its position in shares of PotlatchDeltic by 14.5% in the third quarter. Vanguard Group Inc. now owns 11,820,414 shares of the real estate investment trust’s stock worth $485,110,000 after purchasing an additional 1,497,553 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of PotlatchDeltic by 674.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,166,421 shares of the real estate investment trust’s stock worth $57,739,000 after purchasing an additional 1,015,905 shares during the period. State Street Corp increased its position in shares of PotlatchDeltic by 19.3% in the third quarter. State Street Corp now owns 2,607,726 shares of the real estate investment trust’s stock worth $107,021,000 after purchasing an additional 421,565 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of PotlatchDeltic by 20.9% in the first quarter. Geode Capital Management LLC now owns 2,093,061 shares of the real estate investment trust’s stock worth $103,606,000 after purchasing an additional 361,983 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock opened at $42.42 on Wednesday. The firm has a fifty day simple moving average of $45.26 and a 200-day simple moving average of $45.89. 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 1-year low of $41.31 and a 1-year high of $54.44. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 55.09 and a beta of 1.15.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend 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 233.77%.

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.