In yesterday’s Wall Street session, PotlatchDeltic Corporation (NASDAQ:PCH) shares traded at $46.50, down -0.87% from the previous session.
PCH stock price is now 0.81% away from the 50-day moving average and 1.83% away from the 200-day moving average. The market capitalization of the company currently stands at $3.68B.
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With the price target enhanced from $50 to $55, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for PotlatchDeltic Corporation (NASDAQ: PCH). On June 29, 2022, Truist recently initiated its ‘Hold’ rating on the stock quoting a target price of $50, while ‘RBC Capital Mkts’ rates the stock as ‘Sector Perform’.
In other news, COVEY MICHAEL J, Director sold 48,248 shares of the company’s stock on Feb 28. The stock was sold for $2,239,368 at an average price of $46.41. Upon completion of the transaction, the Director now directly owns 116,768 shares in the company, valued at $5.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, Director COVEY MICHAEL J sold 5,547 shares of the business’s stock. A total of $261,015 was realized by selling the stock at an average price of $47.06. This leaves the insider owning 165,016 shares of the company worth $7.67 million. Insiders disposed of 30,095 shares of company stock worth roughly $1.4 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PCH stock. A new stake in PotlatchDeltic Corporation shares was purchased by CLEARBRIDGE INVESTMENTS, LLC during the first quarter worth $16,017,000. SEI INVESTMENTS CO invested $2,355,000 in shares of PCH during the first quarter. In the first quarter, BENSON INVESTMENT MANAGEMENT COMPANY, INC. acquired a new stake in PotlatchDeltic Corporation valued at approximately $2,339,000. CI PRIVATE WEALTH, LLC acquired a new stake in PCH for approximately $2,260,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in PCH valued at around $2,109,000 in the second quarter. In total, there are 474 active investors with 84.90% ownership of the company’s stock.
On Monday morning PotlatchDeltic Corporation (NASDAQ: PCH) stock kicked off with the opening price of $47.08. During the past 12 months, PotlatchDeltic Corporation has had a low of $38.26 and a high of $56.89. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 3.40, and a quick ratio of 2.90. The fifty day moving average price for PCH is $46.13 and a two-hundred day moving average price translates $46.41 for the stock.
The latest earnings results from PotlatchDeltic Corporation (NASDAQ: PCH) was released for Dec, 2022. According to the REIT – Specialty Company, earnings per share came in at $0.05, missing analysts’ expectations of $0.16 by -0.11. This compares to $0.57 EPS in the same period last year. The net profit margin was 25.10% and return on equity was 16.20% for PCH. The company reported revenue of $253.14 million for the quarter, compared to $248.41 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.91 percent. For the current quarter, analysts expect PCH to generate $246.54M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/31/2023. Investors who held shares on 03/03/2023 were paid a $0.45 dividend. On an annualized basis, this represents a $1.80 dividend and a 3.87% percent yield. There was an ex-dividend date of 03/02/2023 for this dividend. In terms of dividend payout ratio, PCH is presently at 37.00%.
PotlatchDeltic Corporation(PCH) Company Profile
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns 1.8 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 residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance.
