PotlatchDeltic Co. (NASDAQ:PCH) Receives $50.67 Average Price Target from Analysts

Shares of PotlatchDeltic Co. (NASDAQ:PCHGet Free Report) have been given an average recommendation of “Hold” by the three research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $50.67.

Separately, Royal Bank of Canada raised shares of PotlatchDeltic from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $45.00 to $46.00 in a research report on Wednesday, May 1st.

Read Our Latest Analysis on PCH

Institutional Trading of PotlatchDeltic

Several large investors have recently modified their holdings of PCH. Manchester Capital Management LLC grew its position in PotlatchDeltic by 2,132.0% in the 3rd quarter. Manchester Capital Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 533 shares during the period. Bessemer Group Inc. grew its position in PotlatchDeltic by 370.7% in the 1st quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 556 shares during the period. Planned Solutions Inc. acquired a new stake in PotlatchDeltic in the 4th quarter valued at $60,000. VitalStone Financial LLC grew its position in PotlatchDeltic by 109.6% in the 3rd quarter. VitalStone Financial LLC now owns 3,608 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 1,887 shares during the period. Finally, Pathstone Family Office LLC acquired a new stake in PotlatchDeltic in the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

PotlatchDeltic Stock Down 1.3 %

Shares of NASDAQ PCH opened at $41.14 on Thursday. The firm has a market cap of $3.27 billion, a PE ratio of 72.18, a price-to-earnings-growth ratio of 3.30 and a beta of 1.17. The company has a 50 day simple moving average of $42.99 and a 200 day simple moving average of $45.20. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 1.12. PotlatchDeltic has a 1 year low of $39.86 and a 1 year high of $54.44.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Friday, June 7th. PotlatchDeltic’s dividend payout ratio (DPR) is 315.79%.

About PotlatchDeltic

(Get Free Report

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.

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