Shares of Potlatchdeltic Corp (NASDAQ:PCH) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $49.60.

PCH has been the topic of a number of analyst reports. BidaskClub lowered shares of Potlatchdeltic from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Zacks Investment Research raised shares of Potlatchdeltic from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, July 11th. Finally, ValuEngine lowered shares of Potlatchdeltic from a “hold” rating to a “sell” rating in a report on Friday, August 3rd.

Shares of NASDAQ PCH traded up $0.37 during midday trading on Wednesday, hitting $36.60. The company’s stock had a trading volume of 16,589 shares, compared to its average volume of 562,280. The company has a quick ratio of 2.40, a current ratio of 3.21 and a debt-to-equity ratio of 0.58. The firm has a market cap of $2.57 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 2.79 and a beta of 1.10. Potlatchdeltic has a one year low of $35.10 and a one year high of $56.35.

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

Potlatchdeltic declared that its board has approved a share buyback program on Thursday, August 30th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the real estate investment trust to buy up to 3.3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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

In other Potlatchdeltic news, VP Lorrie D. Scott sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $47.06, for a total value of $70,590.00. Following the completion of the transaction, the vice president now owns 14,586 shares of the company’s stock, valued at approximately $686,417.16. The transaction was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in PCH. Contravisory Investment Management Inc. purchased a new stake in shares of Potlatchdeltic in the 2nd quarter valued at $142,000. NumerixS Investment Technologies Inc purchased a new stake in Potlatchdeltic during the 2nd quarter valued at $171,000. Mariner LLC purchased a new stake in Potlatchdeltic during the 1st quarter valued at $203,000. Itau Unibanco Holding S.A. purchased a new stake in Potlatchdeltic during the 2nd quarter valued at $236,000. Finally, Fort Washington Investment Advisors Inc. OH purchased a new stake in Potlatchdeltic during the 2nd quarter valued at $239,000. 83.52% of the stock is owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for Potlatchdeltic (NASDAQ:PCH)

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