Potlatchdeltic Corp (NASDAQ:PCH) has earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.18.
PCH has been the subject of a number of recent research reports. BidaskClub raised shares of Potlatchdeltic from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 20th. Zacks Investment Research cut Potlatchdeltic from a “buy” rating to a “strong sell” rating in a report on Friday, May 3rd. BMO Capital Markets upgraded Potlatchdeltic from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a report on Monday, March 11th. Vertical Research lowered Potlatchdeltic from a “buy” rating to a “hold” rating and set a $39.00 price target on the stock. in a research report on Friday, April 12th. Finally, Seaport Global Securities initiated coverage on Potlatchdeltic in a research report on Tuesday, April 2nd. They issued a “buy” rating and a $45.00 price target on the stock.
Several hedge funds have recently made changes to their positions in the business. Northern Trust Corp raised its holdings in shares of Potlatchdeltic by 6.0% during the fourth quarter. Northern Trust Corp now owns 1,435,510 shares of the real estate investment trust’s stock worth $45,419,000 after acquiring an additional 81,310 shares in the last quarter. FMR LLC raised its holdings in Potlatchdeltic by 199.1% during the 4th quarter. FMR LLC now owns 1,499,399 shares of the real estate investment trust’s stock valued at $47,440,000 after buying an additional 998,147 shares during the last quarter. Old Port Advisors bought a new stake in Potlatchdeltic during the 4th quarter valued at $1,473,000. BNP Paribas Arbitrage SA raised its holdings in Potlatchdeltic by 422.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 22,874 shares of the real estate investment trust’s stock valued at $864,000 after buying an additional 18,496 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new stake in Potlatchdeltic during the 4th quarter valued at $514,000. Institutional investors own 87.68% of the company’s stock.
Shares of PCH stock traded up $0.24 on Thursday, reaching $33.76. The stock had a trading volume of 19,469 shares, compared to its average volume of 335,807. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.19 and a current ratio of 1.72. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 7.28 and a beta of 1.35. Potlatchdeltic has a 12 month low of $28.07 and a 12 month high of $52.65.
Potlatchdeltic (NASDAQ:PCH) last issued its earnings results on Monday, April 29th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04. Potlatchdeltic had a net margin of 12.01% and a return on equity of 8.66%. The company had revenue of $181.72 million for the quarter, compared to analysts’ expectations of $179.89 million. During the same period in the prior year, the firm earned $0.69 EPS. Potlatchdeltic’s quarterly revenue was down 9.1% compared to the same quarter last year. Sell-side analysts predict that Potlatchdeltic will post 0.93 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 annualized dividend and a dividend yield of 4.74%. Potlatchdeltic’s dividend payout ratio (DPR) is currently 70.18%.
Potlatchdeltic Company Profile
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program.
See Also: Earnings Per Share
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