PotlatchDeltic Co. (NASDAQ:PCH) Short Interest Down 14.6% in December

PotlatchDeltic Co. (NASDAQ:PCH) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,110,000 shares, a decline of 14.6% from the December 15th total of 1,300,000 shares. Based on an average daily trading volume, of 413,000 shares, the short-interest ratio is currently 2.7 days.

Institutional Investors Weigh In On PotlatchDeltic

Institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in PotlatchDeltic during the second quarter worth approximately $82,000. Quest Partners LLC purchased a new stake in PotlatchDeltic during the second quarter worth approximately $85,000. Systematic Financial Management LP purchased a new stake in PotlatchDeltic during the third quarter worth approximately $166,000. FMR LLC grew its stake in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 shares during the period. Finally, ZWJ Investment Counsel Inc. purchased a new stake in PotlatchDeltic during the third quarter worth approximately $219,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Stock Performance

Shares of PCH stock opened at $41.83 on Friday. PotlatchDeltic has a one year low of $37.06 and a one year 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 company has a 50 day moving average price of $41.47 and a 200 day moving average price of $42.12. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 199.19 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 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. PotlatchDeltic’s revenue for the quarter was down 3.9% compared to the same quarter last year. Sell-side 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 dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.80 annualized dividend and a yield of 4.30%. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

Wall Street Analysts Forecast Growth

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

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.