PotlatchDeltic (NASDAQ:PCH) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of PotlatchDeltic (NASDAQ:PCH) from a hold rating to a sell rating in a research report report published on Thursday.

Other equities research analysts have also recently issued reports about the stock. Raymond James upgraded 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. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Citigroup dropped their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Truist Financial reduced their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.83.

PotlatchDeltic Trading Up 0.7 %

Shares of NASDAQ:PCH opened at $42.09 on Thursday. PotlatchDeltic has a twelve month low of $37.06 and a twelve month high of $47.65. 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 firm has a market cap of $3.32 billion, a P/E ratio of 200.43 and a beta of 1.16. The company has a 50 day moving average of $41.49 and a 200-day moving average of $42.27.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. During the same period last year, the company posted $0.14 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, analysts anticipate that PotlatchDeltic will post 0.21 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.28%. The ex-dividend date of this dividend was Monday, December 16th. PotlatchDeltic’s payout ratio is 857.14%.

Institutional Trading of PotlatchDeltic

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP acquired a new stake in shares of PotlatchDeltic during the second quarter worth approximately $1,479,000. Renaissance Technologies LLC increased its stake in shares of PotlatchDeltic by 2,054.5% in the second quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after acquiring an additional 98,123 shares during the last quarter. AE Wealth Management LLC purchased a new stake in shares of PotlatchDeltic during the second quarter worth $454,000. Pacer Advisors Inc. boosted its position in PotlatchDeltic by 64.2% during the second quarter. Pacer Advisors Inc. now owns 19,413 shares of the real estate investment trust’s stock valued at $765,000 after purchasing an additional 7,592 shares during the last quarter. Finally, Sei Investments Co. grew its stake in PotlatchDeltic by 36.7% in the second quarter. Sei Investments Co. now owns 162,792 shares of the real estate investment trust’s stock valued at $6,412,000 after purchasing an additional 43,743 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

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.