PotlatchDeltic (NASDAQ:PCH) Rating Lowered to Sell at StockNews.com

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

A number of other equities analysts have also recently commented on PCH. Truist Financial decreased their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a 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 target price for the company in a report on Friday, December 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Citigroup lowered their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, PotlatchDeltic presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

PotlatchDeltic Stock Performance

PotlatchDeltic stock traded up $0.30 during mid-day trading on Thursday, reaching $42.09. 262,479 shares of the stock traded hands, compared to its average volume of 393,863. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $47.65. The business’s 50-day moving average is $41.49 and its 200-day moving average is $42.27. 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 capitalization of $3.32 billion, a PE ratio of 200.43 and a beta of 1.16.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share 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 for the quarter, compared to analysts’ expectations of $241.35 million. During the same quarter in the prior year, the business earned $0.14 EPS. The business’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, sell-side analysts predict that PotlatchDeltic will post 0.21 EPS for the current fiscal year.

Hedge Funds Weigh In On PotlatchDeltic

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in shares of PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 818 shares during the period. Quarry LP purchased a new stake in PotlatchDeltic in the 2nd quarter worth about $82,000. Systematic Financial Management LP bought a new stake in PotlatchDeltic in the third quarter worth about $166,000. KBC Group NV grew its stake in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 1,483 shares during the last quarter. Finally, FMR LLC increased its stake in PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 733 shares during the period. 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.