A number of other analysts have also recently commented on PCH. Zacks Investment Research upgraded shares of Potlatchdeltic from a sell rating to a hold rating in a research report on Wednesday, January 2nd. ValuEngine upgraded shares of Potlatchdeltic from a sell rating to a hold rating in a research report on Saturday, February 2nd. Raymond James cut shares of Potlatchdeltic from an outperform rating to a mkt perform rating in a research report on Tuesday, January 8th. Vertical Research upgraded Potlatchdeltic from a hold rating to a buy rating in a report on Monday, January 7th. Finally, 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. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Potlatchdeltic presently has an average rating of Buy and an average price target of $43.98.
Shares of Potlatchdeltic stock traded down $0.12 on Wednesday, hitting $38.23. 709,656 shares of the company’s stock traded hands, compared to its average volume of 547,722. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 7.96 and a beta of 1.33. Potlatchdeltic has a one year low of $28.07 and a one year high of $53.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.48 and a current ratio of 1.92.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date was Thursday, March 7th. Potlatchdeltic’s dividend payout ratio (DPR) is presently 70.18%.
In other news, CFO Jerald W. Richards sold 9,390 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $35.01, for a total transaction of $328,743.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Eric J. Cremers sold 11,644 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $35.01, for a total transaction of $407,656.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,374 shares of company stock valued at $2,323,754. Corporate insiders own 3.00% of the company’s stock.
Large investors have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund raised its holdings in Potlatchdeltic by 3,277.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 834,758 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 810,044 shares during the period. Advisor Group Inc. raised its holdings in Potlatchdeltic by 107.8% in the 4th quarter. Advisor Group Inc. now owns 1,253 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 650 shares during the period. American Research & Management Co. bought a new position in Potlatchdeltic in the 1st quarter valued at about $57,000. Oppenheimer Asset Management Inc. bought a new position in Potlatchdeltic in the 4th quarter valued at about $101,000. Finally, LS Investment Advisors LLC raised its holdings in Potlatchdeltic by 10.3% in the 4th quarter. LS Investment Advisors LLC now owns 3,729 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 348 shares during the period. Institutional investors and hedge funds own 88.36% of the company’s stock.
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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