PotlatchDeltic (NASDAQ:PCH) Upgraded to “Hold” at StockNews.com

PotlatchDeltic (NASDAQ:PCH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other research firms also recently weighed in on PCH. Citigroup cut their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. DA Davidson reaffirmed a “buy” rating and set a $53.00 price objective on shares of PotlatchDeltic in a research report on Tuesday. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a report on Friday, December 6th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Monday, December 23rd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.57.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock opened at $44.35 on Friday. 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 stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 211.19 and a beta of 1.16. PotlatchDeltic has a twelve month low of $37.06 and a twelve month high of $47.65. The company has a 50-day simple moving average of $41.62 and a two-hundred day simple moving average of $42.43.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. Analysts forecast that PotlatchDeltic will post 0.21 EPS for the current year.

Institutional Trading of PotlatchDeltic

A number of hedge funds have recently made changes to their positions in the company. Adelante Capital Management LLC grew its holdings in PotlatchDeltic by 3,486.3% during 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 acquiring an additional 1,115,272 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new position in shares of PotlatchDeltic during the third quarter worth $8,153,000. Ceredex Value Advisors LLC bought a new stake in shares of PotlatchDeltic in the third quarter worth $7,884,000. JPMorgan Chase & Co. increased its holdings in PotlatchDeltic by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after purchasing an additional 163,774 shares during the period. Finally, NFJ Investment Group LLC bought a new position in PotlatchDeltic during the 3rd quarter worth $5,878,000. 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.