Potlatchdeltic Corp (NASDAQ:PCH) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $41.45 and last traded at $41.90, with a volume of 9549 shares. The stock had previously closed at $41.95.

Several brokerages have commented on PCH. Zacks Investment Research upgraded Potlatchdeltic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 26th. BidaskClub upgraded Potlatchdeltic from a “strong sell” rating to a “sell” rating in a research note on Friday, August 17th. Finally, ValuEngine downgraded Potlatchdeltic from a “hold” rating to a “sell” rating in a research note on Tuesday, August 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $50.83.

The stock has a market cap of $2.86 billion, a PE ratio of 17.99, a PEG ratio of 3.10 and a beta of 1.09. The company has a quick ratio of 2.40, a current ratio of 3.21 and a debt-to-equity ratio of 0.58.

Potlatchdeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.14. The firm had revenue of $268.20 million during the quarter, compared to the consensus estimate of $271.88 million. Potlatchdeltic had a return on equity of 18.57% and a net margin of 12.72%. The company’s revenue for the quarter was up 64.3% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. equities analysts expect that Potlatchdeltic Corp will post 2.94 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, September 27th will be given a dividend of $3.54 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a dividend yield of 3.31%. Potlatchdeltic’s dividend payout ratio (DPR) is presently 67.80%.

Potlatchdeltic announced that its Board of Directors has initiated a share buyback plan on Thursday, August 30th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire up to 3.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, VP Lorrie D. Scott sold 1,500 shares of Potlatchdeltic stock in a transaction dated Thursday, August 2nd. The stock was sold at an average price of $47.06, for a total transaction of $70,590.00. Following the completion of the sale, the vice president now owns 14,586 shares in the company, valued at approximately $686,417.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in PCH. BlackRock Inc. lifted its position in Potlatchdeltic by 48.3% in the 1st quarter. BlackRock Inc. now owns 7,516,937 shares of the real estate investment trust’s stock worth $391,258,000 after buying an additional 2,449,758 shares during the last quarter. Brown Advisory Inc. lifted its position in Potlatchdeltic by 7,729.7% in the 1st quarter. Brown Advisory Inc. now owns 768,409 shares of the real estate investment trust’s stock worth $39,995,000 after buying an additional 758,595 shares during the last quarter. Millennium Management LLC lifted its position in Potlatchdeltic by 50.6% in the 1st quarter. Millennium Management LLC now owns 1,357,937 shares of the real estate investment trust’s stock worth $70,681,000 after buying an additional 456,375 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in Potlatchdeltic in the 1st quarter worth approximately $18,183,000. Finally, Northern Trust Corp lifted its position in Potlatchdeltic by 36.9% in the 2nd quarter. Northern Trust Corp now owns 1,288,325 shares of the real estate investment trust’s stock worth $65,511,000 after buying an additional 346,939 shares during the last quarter. Institutional investors own 83.46% of the company’s stock.

Potlatchdeltic Company Profile (NASDAQ:PCH)

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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