Potlatchdeltic (NASDAQ:PCH) Stock Rating Lowered by BidaskClub

Potlatchdeltic (NASDAQ:PCH) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Saturday, BidAskClub reports.

Several other equities analysts have also issued reports on the company. Raymond James boosted their price target on Potlatchdeltic from $38.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Royal Bank of Canada upgraded Potlatchdeltic from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $45.00 in a research note on Friday, July 10th. Bank of America lowered Potlatchdeltic from a “buy” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Friday, September 11th. BofA Securities lowered Potlatchdeltic from a “buy” rating to a “neutral” rating in a research note on Friday, September 11th. Finally, Zacks Investment Research upgraded Potlatchdeltic from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday, June 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $44.80.

Potlatchdeltic stock opened at $40.85 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 1.40. The business’s 50-day simple moving average is $44.62 and its 200-day simple moving average is $37.23. The firm has a market capitalization of $2.73 billion, a PE ratio of 157.12 and a beta of 1.37. Potlatchdeltic has a 52 week low of $22.40 and a 52 week high of $48.13.

Potlatchdeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $181.56 million for the quarter, compared to analyst estimates of $173.89 million. Potlatchdeltic had a return on equity of 4.19% and a net margin of 2.17%. The firm’s revenue for the quarter was down 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.25 earnings per share. Research analysts forecast that Potlatchdeltic will post 2.35 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in shares of Potlatchdeltic by 38.0% in the 2nd quarter. FMR LLC now owns 4,496,424 shares of the real estate investment trust’s stock worth $170,998,000 after acquiring an additional 1,238,485 shares in the last quarter. State Street Corp raised its position in Potlatchdeltic by 3.3% in the 1st quarter. State Street Corp now owns 2,129,257 shares of the real estate investment trust’s stock worth $66,837,000 after purchasing an additional 67,919 shares during the last quarter. Bank of New York Mellon Corp raised its position in Potlatchdeltic by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,582,768 shares of the real estate investment trust’s stock worth $60,192,000 after purchasing an additional 12,144 shares during the last quarter. Geode Capital Management LLC raised its position in Potlatchdeltic by 7.4% in the 1st quarter. Geode Capital Management LLC now owns 1,016,760 shares of the real estate investment trust’s stock worth $31,916,000 after purchasing an additional 69,804 shares during the last quarter. Finally, Advisory Research Inc. raised its position in Potlatchdeltic by 29.6% in the 1st quarter. Advisory Research Inc. now owns 901,595 shares of the real estate investment trust’s stock worth $28,301,000 after purchasing an additional 205,919 shares during the last quarter. 85.32% of the stock is currently owned by institutional investors.

Potlatchdeltic Company Profile

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program.

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Analyst Recommendations for Potlatchdeltic (NASDAQ:PCH)

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