PotlatchDeltic (NASDAQ:PCH) Earns Sell Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of PotlatchDeltic (NASDAQ:PCH – Get Rating) in a report issued on Thursday. The firm issued a sell rating on the real estate investment trust’s stock.

PCH has been the subject of a number of other reports. DA Davidson reduced their price target on shares of PotlatchDeltic from $57.00 to $55.00 and set a buy rating for the company in a research report on Tuesday, January 24th. Citigroup began coverage on PotlatchDeltic in a report on Wednesday, March 1st. They issued a buy rating on the stock. Finally, Truist Financial decreased their price target on shares of PotlatchDeltic from $48.00 to $47.00 and set a hold rating on the stock in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, PotlatchDeltic presently has an average rating of Moderate Buy and a consensus target price of $55.40.

PotlatchDeltic Trading Down 0.5 %

NASDAQ:PCH opened at $48.99 on Thursday. The company has a market cap of $3.92 billion, a P/E ratio of 10.29 and a beta of 1.17. PotlatchDeltic has a 1 year low of $39.10 and a 1 year high of $58.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.37 and a quick ratio of 2.89. The stock’s fifty day moving average price is $46.94 and its two-hundred day moving average price is $45.60.

PotlatchDeltic (NASDAQ:PCH – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.07). The company had revenue of $253.14 million for the quarter, compared to the consensus estimate of $242.91 million. PotlatchDeltic had a net margin of 25.09% and a return on equity of 17.02%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.59 earnings per share. As a group, analysts expect that PotlatchDeltic will post 1.25 EPS for the current year.

PotlatchDeltic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 3rd will be given a dividend of $0.45 per share. This is a positive change from PotlatchDeltic’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, March 2nd. This represents a $1.80 dividend on an annualized basis and a yield of 3.67%. PotlatchDeltic’s dividend payout ratio is presently 37.82%.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, Director Michael J. Covey sold 48,248 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $46.41, for a total transaction of $2,239,189.68. Following the completion of the transaction, the director now owns 116,768 shares of the company’s stock, valued at approximately $5,419,202.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Michele Tyler sold 4,676 shares of the stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $48.13, for a total value of $225,055.88. Following the completion of the transaction, the vice president now owns 20,662 shares of the company’s stock, valued at approximately $994,462.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Covey sold 48,248 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $46.41, for a total value of $2,239,189.68. Following the completion of the transaction, the director now directly owns 116,768 shares of the company’s stock, valued at approximately $5,419,202.88. The disclosure for this sale can be found here. Insiders sold 99,028 shares of company stock valued at $4,667,676 in the last 90 days. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PCH. Accel Wealth Management bought a new position in PotlatchDeltic during the 3rd quarter valued at approximately $27,000. Kistler Tiffany Companies LLC bought a new position in PotlatchDeltic during the 4th quarter valued at approximately $30,000. Fifth Third Bancorp increased its position in PotlatchDeltic by 50.2% during the 4th quarter. Fifth Third Bancorp now owns 706 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 236 shares in the last quarter. Quadrant Capital Group LLC increased its position in PotlatchDeltic by 289.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 877 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 652 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its position in PotlatchDeltic by 219.4% during the 4th quarter. Ronald Blue Trust Inc. now owns 990 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 680 shares in the last quarter. Institutional investors own 80.36% of the company’s stock.

PotlatchDeltic Company Profile

(Get Rating)

PotlatchDeltic Corp. operates as a real estate investment trust, which engages in the ownership and management of acres of timberlands. It operates through the following segments: Timberlands, Wood Products, and Real Estate. The Timberland segment includes delivering logs, pulpwood, sawlogs, and stumpage.