Analysts Set PotlatchDeltic Co. (NASDAQ:PCH) Target Price at $51.33

PotlatchDeltic Co. (NASDAQ:PCH) has received a consensus recommendation of “Hold” from the three analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $51.33.

Several equities analysts have issued reports on PCH shares. Truist Financial cut their target price on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $48.00 target price on shares of PotlatchDeltic in a research note on Wednesday, January 31st.

Insiders Place Their Bets

In other news, CEO Eric J. Cremers sold 17,591 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $793,881.83. Following the completion of the transaction, the chief executive officer now directly owns 241,111 shares of the company’s stock, valued at approximately $10,881,339.43. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Wayne Wasechek sold 1,565 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $70,628.45. Following the completion of the transaction, the chief financial officer now directly owns 21,247 shares of the company’s stock, valued at approximately $958,877.11. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Eric J. Cremers sold 17,591 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.13, for a total value of $793,881.83. Following the transaction, the chief executive officer now directly owns 241,111 shares of the company’s stock, valued at $10,881,339.43. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,124 shares of company stock valued at $1,043,626. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PCH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in PotlatchDeltic by 13.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,311 shares of the real estate investment trust’s stock valued at $1,335,000 after purchasing an additional 3,064 shares during the last quarter. BlackRock Inc. raised its stake in PotlatchDeltic by 3.0% in the 1st quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust’s stock valued at $472,566,000 after purchasing an additional 258,490 shares during the last quarter. APG Asset Management N.V. raised its stake in PotlatchDeltic by 99.4% in the 1st quarter. APG Asset Management N.V. now owns 32,500 shares of the real estate investment trust’s stock valued at $1,540,000 after purchasing an additional 16,200 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in PotlatchDeltic by 11.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 39,159 shares of the real estate investment trust’s stock valued at $2,120,000 after purchasing an additional 4,003 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in PotlatchDeltic by 7.3% in the 1st quarter. Yousif Capital Management LLC now owns 37,230 shares of the real estate investment trust’s stock valued at $1,963,000 after purchasing an additional 2,546 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Stock Performance

Shares of PotlatchDeltic stock opened at $46.96 on Friday. The firm has a market cap of $3.73 billion, a P/E ratio of 60.99 and a beta of 1.15. The company has a current ratio of 1.44, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. PotlatchDeltic has a 12 month low of $41.31 and a 12 month high of $54.44. The stock’s fifty day moving average price is $45.47 and its 200-day moving average price is $45.96.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend is Thursday, March 7th. PotlatchDeltic’s dividend payout ratio is presently 233.77%.

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.