Shares of Potlatchdeltic Corp (NASDAQ:PCH) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $49.60.
PCH has been the topic of a number of analyst reports. Zacks Investment Research cut Potlatchdeltic from a “buy” rating to a “sell” rating in a report on Tuesday, May 1st. Royal Bank of Canada upgraded Potlatchdeltic from a “sector perform” rating to an “outperform” rating and set a $47.00 target price on the stock in a report on Monday, May 7th. BidaskClub cut Potlatchdeltic from a “hold” rating to a “sell” rating in a report on Saturday, May 12th. Vertical Research upgraded Potlatchdeltic to a “hold” rating in a report on Monday, May 7th. They noted that the move was a valuation call. Finally, DA Davidson upgraded Potlatchdeltic from an “underperform” rating to a “neutral” rating and set a $44.00 target price on the stock in a report on Monday, May 7th.
Get Potlatchdeltic alerts:
Several hedge funds have recently bought and sold shares of PCH. Schwab Charles Investment Management Inc. boosted its holdings in shares of Potlatchdeltic by 2.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 262,057 shares of the real estate investment trust’s stock worth $13,077,000 after purchasing an additional 5,183 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Potlatchdeltic by 32.8% in the fourth quarter. SG Americas Securities LLC now owns 8,521 shares of the real estate investment trust’s stock valued at $425,000 after acquiring an additional 2,104 shares during the last quarter. ING Groep NV boosted its holdings in Potlatchdeltic by 23.2% in the fourth quarter. ING Groep NV now owns 6,128 shares of the real estate investment trust’s stock valued at $306,000 after acquiring an additional 1,155 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Potlatchdeltic in the fourth quarter valued at $698,000. Finally, California Public Employees Retirement System boosted its holdings in Potlatchdeltic by 2.6% in the fourth quarter. California Public Employees Retirement System now owns 114,494 shares of the real estate investment trust’s stock valued at $5,713,000 after acquiring an additional 2,882 shares during the last quarter. Institutional investors and hedge funds own 82.13% of the company’s stock.
NASDAQ PCH traded down $0.35 during mid-day trading on Thursday, hitting $50.20. The stock had a trading volume of 19,945 shares, compared to its average volume of 534,105. Potlatchdeltic has a 52-week low of $43.85 and a 52-week high of $56.35. The company has a market capitalization of $3.14 billion, a P/E ratio of 21.31, a PEG ratio of 4.17 and a beta of 1.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.64 and a quick ratio of 1.87.
Potlatchdeltic (NASDAQ:PCH) last released its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.08. The firm had revenue of $199.90 million during the quarter, compared to the consensus estimate of $168.68 million. Potlatchdeltic had a return on equity of 24.94% and a net margin of 11.54%. research analysts expect that Potlatchdeltic will post 2.4 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, June 7th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Wednesday, June 6th. Potlatchdeltic’s dividend payout ratio (DPR) is 67.80%.
About Potlatchdeltic
PotlatchDeltic Corporation (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland land sales program.
