PotlatchDeltic (NASDAQ:PCH) Stock Price Down 5.9% – Time to Sell?

PotlatchDeltic Co. (NASDAQ:PCH) shares were down 5.9% on Tuesday . The company traded as low as $39.72 and last traded at $39.81. Approximately 209,236 shares changed hands during trading, a decline of 51% from the average daily volume of 431,376 shares. The stock had previously closed at $42.30.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PCH. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research report on Wednesday. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Truist Financial lifted their price target 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. Finally, Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.67.

PotlatchDeltic Trading Down 1.2 %

The stock has a market capitalization of $3.28 billion, a PE ratio of 198.62 and a beta of 1.13. The company’s 50 day moving average price is $43.60 and its two-hundred day moving average price is $42.22. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.00.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. During the same period in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, analysts expect that PotlatchDeltic Co. will post 0.01 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.33%. The ex-dividend date was Friday, September 13th. PotlatchDeltic’s payout ratio is currently 857.14%.

Hedge Funds Weigh In On PotlatchDeltic

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. grew its holdings 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 buying an additional 556 shares during the last quarter. Independence Bank of Kentucky acquired a new stake in shares of PotlatchDeltic during the second quarter valued at $51,000. Beach Investment Counsel Inc. PA purchased a new stake in PotlatchDeltic during the 2nd quarter worth about $59,000. Quarry LP acquired a new position in PotlatchDeltic in the 2nd quarter valued at about $82,000. Finally, Quest Partners LLC purchased a new position in shares of PotlatchDeltic during the second quarter valued at approximately $85,000. 86.06% of the stock is currently owned by hedge funds and other 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.