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

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

A number of other brokerages have also recently weighed in on PCH. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, September 12th. Finally, Truist Financial raised their price target on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $48.67.

PotlatchDeltic Stock Up 1.5 %

NASDAQ PCH traded up $0.64 on Monday, reaching $42.45. The company had a trading volume of 453,062 shares, compared to its average volume of 435,092. The stock has a market capitalization of $3.35 billion, a P/E ratio of 202.14 and a beta of 1.14. The company’s fifty day moving average is $43.56 and its 200 day moving average is $42.21. PotlatchDeltic has a 52-week low of $37.06 and a 52-week high of $50.04. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results 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 return on equity of 0.78% and a net margin of 1.56%. The company had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. During the same quarter in the prior year, the company earned $0.14 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Sell-side analysts anticipate that PotlatchDeltic will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of PotlatchDeltic

Several hedge funds have recently bought and sold shares of PCH. Russell Investments Group Ltd. boosted its stake in shares of PotlatchDeltic by 353.2% in 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 period. Sei Investments Co. lifted its position in shares of PotlatchDeltic by 47.7% in the first quarter. Sei Investments Co. now owns 119,049 shares of the real estate investment trust’s stock worth $5,598,000 after buying an additional 38,461 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of PotlatchDeltic by 0.5% in the first quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock worth $551,844,000 after buying an additional 57,237 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of PotlatchDeltic by 2,054.5% in the second quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after buying an additional 98,123 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in shares of PotlatchDeltic by 327.6% in the first quarter. Edgestream Partners L.P. now owns 54,146 shares of the real estate investment trust’s stock worth $2,546,000 after buying an additional 41,483 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

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.