StockNews.com Upgrades PotlatchDeltic (NASDAQ:PCH) to “Hold”

by · The Cerbat Gem

PotlatchDeltic (NASDAQ:PCH – Get Free Report) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other research analysts have also recently commented on PCH. Truist Financial upped their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, September 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $48.67.

Check Out Our Latest Stock Analysis on PCH

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock traded down $1.09 on Tuesday, hitting $41.31. The company’s stock had a trading volume of 344,869 shares, compared to its average volume of 434,697. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.24. PotlatchDeltic has a 1 year low of $37.06 and a 1 year high of $50.04. The firm has a fifty day moving average price of $43.46 and a 200-day moving average price of $42.26. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 196.71 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH – Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping 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 company had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. During the same period in the previous year, the firm posted $0.14 EPS. PotlatchDeltic’s revenue was down 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that PotlatchDeltic will post 0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PCH. SG Americas Securities LLC lifted its stake in shares of PotlatchDeltic by 79.5% during the first quarter. SG Americas Securities LLC now owns 22,148 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 9,811 shares in the last quarter. Sei Investments Co. increased its position in shares of PotlatchDeltic by 47.7% during the first quarter. Sei Investments Co. now owns 119,049 shares of the real estate investment trust’s stock worth $5,598,000 after acquiring an additional 38,461 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of PotlatchDeltic by 353.2% during the first quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust’s stock worth $21,394,000 after acquiring an additional 354,616 shares during the last quarter. ProShare Advisors LLC increased its position in shares of PotlatchDeltic by 4.7% during the first quarter. ProShare Advisors LLC now owns 18,099 shares of the real estate investment trust’s stock worth $851,000 after acquiring an additional 818 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of PotlatchDeltic by 17.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 26,478 shares of the real estate investment trust’s stock worth $1,311,000 after acquiring an additional 3,880 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

About PotlatchDeltic

(Get Free Report)

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.

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