PotlatchDeltic (NASDAQ:PCH) PT Raised to $45.00 at Truist Financial

PotlatchDeltic (NASDAQ:PCH) had its price objective boosted by equities research analysts at Truist Financial from $42.00 to $45.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price would indicate a potential upside of 2.09% from the company’s previous close.

Other analysts also recently issued reports about the stock. Royal Bank of Canada raised their price objective on shares of PotlatchDeltic from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Finally, 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 report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.67.

PotlatchDeltic Trading Up 0.7 %

Shares of PCH stock opened at $44.08 on Tuesday. The firm’s 50 day moving average is $43.38 and its 200 day moving average is $42.42. The stock has a market capitalization of $3.50 billion, a P/E ratio of 77.33 and a beta of 1.13. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $50.04. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $320.70 million for the quarter, compared to analysts’ expectations of $305.01 million. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The company’s revenue was up 30.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 EPS. Research analysts expect that PotlatchDeltic will post 0.02 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Ashlee Townsend Cribb sold 4,114 shares of PotlatchDeltic stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $43.11, for a total transaction of $177,354.54. Following the completion of the transaction, the vice president now directly owns 29,039 shares of the company’s stock, valued at approximately $1,251,871.29. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PCH. Bessemer Group Inc. grew its holdings 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 acquiring an additional 556 shares in the last quarter. Independence Bank of Kentucky bought a new position in shares of PotlatchDeltic during the second quarter valued at approximately $51,000. Beach Investment Counsel Inc. PA bought a new position in shares of PotlatchDeltic during the second quarter valued at approximately $59,000. Quarry LP bought a new position in PotlatchDeltic in the second quarter worth approximately $82,000. Finally, Quest Partners LLC bought a new position in PotlatchDeltic in the second quarter worth approximately $85,000. Institutional investors 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.