Truist Financial Lowers PotlatchDeltic (NASDAQ:PCH) Price Target to $44.00

PotlatchDeltic (NASDAQ:PCH) had its price objective dropped by investment analysts at Truist Financial from $45.00 to $44.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price points to a potential upside of 11.53% from the stock’s previous close.

A number of other analysts also recently commented on the stock. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Thursday, September 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 23rd. Finally, BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, PotlatchDeltic has an average rating of “Moderate Buy” and a consensus target price of $48.20.

PotlatchDeltic Stock Down 1.6 %

PCH opened at $39.45 on Monday. The stock’s 50 day moving average price is $41.77 and its 200 day moving average price is $42.13. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. The stock has a market cap of $3.11 billion, a P/E ratio of 187.86 and a beta of 1.16. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $49.32.

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, beating analysts’ consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. As a group, research analysts predict that PotlatchDeltic will post 0.15 earnings per share for the current year.

Hedge Funds Weigh In On PotlatchDeltic

A number of institutional investors have recently bought and sold shares of PCH. Quarry LP acquired a new stake in PotlatchDeltic during the 2nd quarter valued at $82,000. Quest Partners LLC purchased a new position in shares of PotlatchDeltic during the second quarter valued at $85,000. Systematic Financial Management LP purchased a new stake in PotlatchDeltic in the 3rd quarter worth about $166,000. FMR LLC lifted its stake in PotlatchDeltic by 20.4% in 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 in the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new stake in PotlatchDeltic during the 3rd quarter worth about $219,000. Hedge funds and other 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.