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

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

A number of other equities research analysts also recently issued reports on PCH. Truist Financial lifted their price target 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. Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Thursday, September 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, PotlatchDeltic currently has an average rating of “Hold” and an average price target of $48.67.

PotlatchDeltic Stock Down 0.4 %

PCH opened at $42.30 on Monday. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $50.04. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $43.54 and a two-hundred day moving average price of $42.22. The company has a market cap of $3.34 billion, a PE ratio of 202.10 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The firm had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 earnings per share. As a group, research analysts anticipate that PotlatchDeltic will post 0.11 EPS for the current year.

Hedge Funds Weigh In On PotlatchDeltic

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. increased its position in PotlatchDeltic by 370.7% during the 1st quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 556 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of PotlatchDeltic in the second quarter worth $51,000. Beach Investment Counsel Inc. PA purchased a new position in shares of PotlatchDeltic in the 2nd quarter valued at $59,000. Quarry LP purchased a new position in shares of PotlatchDeltic in the 2nd quarter valued at $82,000. Finally, Quest Partners LLC purchased a new stake in PotlatchDeltic during the 2nd quarter worth $85,000. 86.06% of the stock is owned by institutional investors and hedge funds.

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.