PotlatchDeltic’s (PCH) “Outperform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of PotlatchDeltic (NASDAQ:PCH) in a research report report published on Wednesday morning, Benzinga reports. They currently have a $50.00 target price on the real estate investment trust’s stock.

Several other equities research analysts also recently weighed in on PCH. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Thursday, September 12th. Finally, Truist Financial raised their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.67.

PotlatchDeltic Trading Up 0.6 %

PCH opened at $41.81 on Wednesday. The stock has a 50-day moving average of $43.56 and a 200 day moving average of $42.20. The company has a current ratio of 1.24, a quick ratio of 1.00 and a debt-to-equity ratio of 0.42. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $50.04. The firm has a market cap of $3.30 billion, a P/E ratio of 199.10 and a beta of 1.13.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $241.35 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, research analysts forecast that PotlatchDeltic will post 0.01 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.45 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a yield of 4.31%. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

Institutional Trading of PotlatchDeltic

Large investors have recently modified their holdings of the company. Bessemer Group Inc. boosted its position in PotlatchDeltic by 370.7% during the 1st quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 556 shares in the last quarter. Independence Bank of Kentucky bought a new position in PotlatchDeltic in the second quarter worth about $51,000. Beach Investment Counsel Inc. PA purchased a new stake in shares of PotlatchDeltic during the second quarter valued at about $59,000. Quarry LP purchased a new stake in shares of PotlatchDeltic during the second quarter valued at about $82,000. Finally, Quest Partners LLC bought a new stake in shares of PotlatchDeltic in the 2nd quarter valued at about $85,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

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.