PotlatchDeltic (NASDAQ:PCH) Trading Down 5.9% – Time to Sell?

Shares of PotlatchDeltic Co. (NASDAQ:PCH) were down 5.9% during mid-day trading on Tuesday . The stock traded as low as $39.72 and last traded at $39.81. Approximately 209,236 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 431,376 shares. The stock had previously closed at $42.30.

Analyst Ratings Changes

PCH has been the subject of a number of recent research reports. Truist Financial increased their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, September 12th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada raised their target price on shares of PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, PotlatchDeltic presently has an average rating of “Hold” and a consensus price target of $48.67.

PotlatchDeltic Stock Performance

The stock has a 50 day moving average of $43.60 and a two-hundred day moving average of $42.24. The stock has a market capitalization of $3.20 billion, a PE ratio of 87.31 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.00.

PotlatchDeltic (NASDAQ:PCH) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. The company had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. Research analysts expect that PotlatchDeltic Co. will post 0.01 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 annualized dividend and a yield of 4.44%. PotlatchDeltic’s payout ratio is currently 391.31%.

Hedge Funds Weigh In On PotlatchDeltic

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in PotlatchDeltic by 0.5% during the first quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock worth $551,844,000 after acquiring an additional 57,237 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of PotlatchDeltic by 3.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust’s stock worth $65,554,000 after purchasing an additional 58,111 shares during the last quarter. Janus Henderson Group PLC lifted its stake in PotlatchDeltic by 19.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock valued at $61,913,000 after buying an additional 212,121 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in PotlatchDeltic by 33.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock valued at $48,346,000 after buying an additional 304,352 shares during the last quarter. Finally, Heartland Advisors Inc. grew its holdings in PotlatchDeltic by 6.4% during the 1st quarter. Heartland Advisors Inc. now owns 521,312 shares of the real estate investment trust’s stock valued at $24,512,000 after buying an additional 31,514 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

PotlatchDeltic Company Profile

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.