PotlatchDeltic (NASDAQ:PCH) Lowered to “Sell” Rating by StockNews.com

PotlatchDeltic (NASDAQ:PCH) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Several other research firms also recently weighed in on PCH. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Friday, December 6th. Truist Financial lowered 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. 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. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Monday, December 23rd. Finally, Citigroup decreased their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $47.83.

PotlatchDeltic Price Performance

PCH stock opened at $41.71 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $47.65. The stock has a market cap of $3.29 billion, a PE ratio of 198.62 and a beta of 1.16. The company has a 50-day moving average price of $41.49 and a 200 day moving average price of $42.30.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $241.35 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. Equities research analysts anticipate that PotlatchDeltic will post 0.21 earnings per share for the current year.

Institutional Trading of PotlatchDeltic

Hedge funds have recently modified their holdings of the company. Adelante Capital Management LLC raised its stake in shares of PotlatchDeltic by 3,486.3% during the 3rd quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock worth $51,684,000 after acquiring an additional 1,115,272 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in PotlatchDeltic by 33.0% in the second quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock worth $48,346,000 after purchasing an additional 304,352 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new position in shares of PotlatchDeltic during the third quarter worth $8,153,000. Ceredex Value Advisors LLC purchased a new stake in shares of PotlatchDeltic during the 3rd quarter valued at $7,884,000. Finally, JPMorgan Chase & Co. boosted its position in shares of PotlatchDeltic by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock worth $40,565,000 after purchasing an additional 163,774 shares in 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.