PotlatchDeltic (NASDAQ:PCH) Price Target Cut to $46.00 by Analysts at Citigroup

PotlatchDeltic (NASDAQ:PCH) had its target price cut by Citigroup from $52.00 to $46.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the company. Truist Financial dropped their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research report on Wednesday, October 30th. BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Friday, December 6th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.83.

PotlatchDeltic Price Performance

Shares of PCH opened at $40.94 on Wednesday. PotlatchDeltic has a 52-week low of $37.06 and a 52-week high of $48.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.24. The business’s 50 day moving average price is $41.47 and its two-hundred day moving average price is $42.12. The firm has a market cap of $3.22 billion, a PE ratio of 194.95 and a beta of 1.16.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The company’s revenue was down 3.9% compared to the same quarter last year. On average, equities analysts anticipate that PotlatchDeltic will post 0.21 EPS for the current year.

PotlatchDeltic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 4.40%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp grew its stake in PotlatchDeltic by 3.3% in the 2nd quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 286 shares during the period. Saturna Capital Corp grew its stake in shares of PotlatchDeltic by 3.7% during the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock worth $452,000 after acquiring an additional 356 shares during the period. Azzad Asset Management Inc. ADV grew its stake in shares of PotlatchDeltic by 3.6% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 16,456 shares of the real estate investment trust’s stock worth $741,000 after acquiring an additional 570 shares during the period. Creative Planning grew its stake in shares of PotlatchDeltic by 13.6% during the 3rd quarter. Creative Planning now owns 5,835 shares of the real estate investment trust’s stock worth $263,000 after acquiring an additional 699 shares during the period. Finally, FMR LLC grew its stake in shares of PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 733 shares during the period. Institutional investors own 86.06% of the company’s stock.

About PotlatchDeltic

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.