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

StockNews.com lowered shares of PotlatchDeltic (NASDAQ:PCH) from a hold rating to a sell rating in a report released on Monday morning.

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

PotlatchDeltic Trading Down 0.4 %

NASDAQ PCH opened at $42.13 on Monday. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $50.04. The company has a fifty day simple moving average of $43.53 and a two-hundred day simple moving average of $42.23. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The stock has a market cap of $3.32 billion, a P/E ratio of 200.71 and a beta of 1.14.

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, topping analysts’ consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. On average, analysts forecast that PotlatchDeltic will post 0.11 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a yield of 4.27%. PotlatchDeltic’s payout ratio is 857.14%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in PotlatchDeltic by 353.2% in the 1st 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 in the last quarter. Sei Investments Co. raised its position in shares of PotlatchDeltic by 47.7% during the 1st quarter. Sei Investments Co. now owns 119,049 shares of the real estate investment trust’s stock worth $5,598,000 after purchasing an additional 38,461 shares during the last quarter. Vanguard Group Inc. lifted its stake in PotlatchDeltic by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock valued at $551,844,000 after buying an additional 57,237 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in PotlatchDeltic by 2,054.5% in the 2nd 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 during the last quarter. Finally, Edgestream Partners L.P. increased its stake in PotlatchDeltic by 327.6% during the 1st 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. 86.06% of the stock is owned by institutional investors and hedge funds.

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.