PotlatchDeltic (NASDAQ:PCH) Earns Buy Rating from DA Davidson

PotlatchDeltic (NASDAQ:PCH)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a research report issued on Tuesday,Benzinga reports. They currently have a $53.00 price objective on the real estate investment trust’s stock. DA Davidson’s price objective would indicate a potential upside of 21.56% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. StockNews.com cut shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research note on Friday, December 6th. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Citigroup dropped their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.57.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $43.60 on Tuesday. The company has a 50 day moving average of $41.57 and a 200-day moving average of $42.42. The firm has a market cap of $3.43 billion, a price-to-earnings ratio of 207.62 and a beta of 1.16. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. PotlatchDeltic has a 1-year low of $37.06 and a 1-year high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping 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%. On average, equities analysts forecast that PotlatchDeltic will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PotlatchDeltic

Hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp raised its position in shares of PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 818 shares during the last quarter. Quarry LP purchased a new stake in shares of PotlatchDeltic in the 2nd quarter worth $82,000. KBC Group NV raised its stake in shares of PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,483 shares during the period. Systematic Financial Management LP bought a new position in shares of PotlatchDeltic in the third quarter worth approximately $166,000. Finally, FMR LLC increased its stake in PotlatchDeltic by 20.4% in the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 shares in 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.