Potlatchdeltic Corp (NASDAQ:PCH) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $43.18.

Several research analysts recently commented on PCH shares. BidaskClub raised Potlatchdeltic from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. Vertical Research downgraded Potlatchdeltic from a “buy” rating to a “hold” rating and set a $39.00 target price for the company. in a research note on Friday, April 12th. BMO Capital Markets raised Potlatchdeltic from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Monday, March 11th. Seaport Global Securities started coverage on Potlatchdeltic in a research note on Tuesday, April 2nd. They issued a “buy” rating and a $45.00 target price for the company. Finally, Bank of America raised Potlatchdeltic from a “neutral” rating to a “buy” rating and set a $37.88 target price for the company in a research note on Friday, April 5th.

NASDAQ PCH traded up $0.24 during mid-day trading on Thursday, hitting $33.76. The stock had a trading volume of 19,469 shares, compared to its average volume of 335,807. Potlatchdeltic has a twelve month low of $28.07 and a twelve month high of $52.65. 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 company has a market cap of $2.27 billion, a P/E ratio of 14.78, a P/E/G ratio of 7.28 and a beta of 1.35.

Potlatchdeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. Potlatchdeltic had a return on equity of 8.66% and a net margin of 12.01%. The firm had revenue of $181.72 million during the quarter, compared to the consensus estimate of $179.89 million. During the same period in the prior year, the company earned $0.69 EPS. The firm’s revenue was down 9.1% compared to the same quarter last year. As a group, 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, June 6th. Potlatchdeltic’s dividend payout ratio (DPR) is presently 70.18%.

Several institutional investors and hedge funds have recently modified their holdings of PCH. Penserra Capital Management LLC purchased a new position in shares of Potlatchdeltic in the 1st quarter valued at about $29,000. Advisor Group Inc. boosted its position in shares of Potlatchdeltic by 107.8% in the fourth quarter. Advisor Group Inc. now owns 1,253 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 650 shares during the period. American Research & Management Co. acquired a new stake in shares of Potlatchdeltic in the first quarter worth $57,000. First Interstate Bank boosted its position in shares of Potlatchdeltic by 319.8% in the first quarter. First Interstate Bank now owns 2,166 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 1,650 shares during the period. Finally, Pearl River Capital LLC acquired a new stake in shares of Potlatchdeltic in the first quarter worth $84,000. 87.68% of the stock is owned by institutional investors and hedge funds.

About Potlatchdeltic

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.

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Analyst Recommendations for Potlatchdeltic (NASDAQ:PCH)

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