PotlatchDeltic (NASDAQ:PCH) Price Target Lowered to $47.00 at Citigroup

PotlatchDeltic (NASDAQ:PCH) had its price objective cut by Citigroup from $49.00 to $47.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Separately, Truist Financial dropped their target price on PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.57.

PotlatchDeltic Trading Up 1.0%

PotlatchDeltic stock opened at $38.80 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $39.59 and its two-hundred day simple moving average is $41.90. PotlatchDeltic has a 12 month low of $36.82 and a 12 month high of $48.12. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 138.57 and a beta of 1.16.

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

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date of this dividend is Friday, June 6th. PotlatchDeltic’s payout ratio is currently 295.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP lifted its holdings in shares of PotlatchDeltic by 224.2% during the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in PotlatchDeltic by 168.1% in the first quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 417 shares during the period. Costello Asset Management INC bought a new position in PotlatchDeltic in the first quarter valued at about $30,000. UMB Bank n.a. lifted its holdings in PotlatchDeltic by 41.6% in the first quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 254 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in PotlatchDeltic in the first quarter valued at about $52,000. 86.06% of the stock is owned by 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.