StockNews.com Downgrades PotlatchDeltic (NASDAQ:PCH) to Sell

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

PCH has been the topic of a number of other research reports. Truist Financial cut their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Citigroup decreased their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Friday, December 6th. Finally, Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, December 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.83.

PotlatchDeltic Price Performance

Shares of PCH opened at $41.71 on Thursday. PotlatchDeltic has a fifty-two week low of $37.06 and a fifty-two week high of $47.65. The firm’s 50-day simple moving average is $41.49 and its two-hundred day simple moving average is $42.30. The stock has a market cap of $3.29 billion, a PE ratio of 198.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.24.

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 for the quarter, compared to the consensus estimate of $241.35 million. During the same quarter in the prior year, the business posted $0.14 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. Analysts anticipate that PotlatchDeltic will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PotlatchDeltic

Hedge funds have recently modified their holdings of the company. Adelante Capital Management LLC lifted its holdings in PotlatchDeltic by 3,486.3% in the 3rd quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock worth $51,684,000 after purchasing an additional 1,115,272 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in PotlatchDeltic by 33.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock valued at $48,346,000 after purchasing an additional 304,352 shares during the last quarter. Heitman Real Estate Securities LLC bought a new stake in shares of PotlatchDeltic in the 3rd quarter worth about $8,153,000. Ceredex Value Advisors LLC purchased a new stake in shares of PotlatchDeltic during the 3rd quarter valued at about $7,884,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of PotlatchDeltic by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after acquiring an additional 163,774 shares during the last quarter. 86.06% of the stock is currently 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.