PotlatchDeltic (NASDAQ:PCH) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of PotlatchDeltic (NASDAQ:PCH) from a sell rating to a hold rating in a research report released on Tuesday.

Other equities research analysts have also issued reports about the stock. Bank of America raised shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a report on Thursday, September 12th. Truist Financial raised their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, PotlatchDeltic presently has a consensus rating of “Hold” and a consensus target price of $48.67.

PotlatchDeltic Stock Down 2.6 %

PCH opened at $41.31 on Tuesday. PotlatchDeltic has a 1-year low of $37.06 and a 1-year high of $50.04. The firm’s 50 day simple moving average is $43.42 and its two-hundred day simple moving average is $42.26. 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 company has a market capitalization of $3.25 billion, a PE ratio of 196.71 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.08. The company had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. PotlatchDeltic’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 earnings per share. As a group, equities analysts forecast that PotlatchDeltic will post 0.15 EPS for the current year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s payout ratio is currently 857.14%.

Institutional Investors Weigh In On PotlatchDeltic

Several large investors have recently made changes to their positions in PCH. Russell Investments Group Ltd. boosted its position in shares of PotlatchDeltic by 353.2% during the 1st quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust’s stock valued at $21,394,000 after acquiring an additional 354,616 shares during the last quarter. Sei Investments Co. boosted its position in PotlatchDeltic by 47.7% in the 1st quarter. Sei Investments Co. now owns 119,049 shares of the real estate investment trust’s stock valued at $5,598,000 after buying an additional 38,461 shares during the period. Vanguard Group Inc. boosted its holdings 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 valued at $551,844,000 after purchasing an additional 57,237 shares during the period. Renaissance Technologies LLC grew its position in shares of PotlatchDeltic by 2,054.5% during 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 in the last quarter. Finally, Edgestream Partners L.P. grew its holdings 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 acquiring an additional 41,483 shares in the last quarter. 86.06% of the stock is owned by institutional investors.

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.