PotlatchDeltic (NASDAQ:PCH) Price Target Cut to $44.00 by Analysts at Truist Financial

PotlatchDeltic (NASDAQ:PCH) had its price objective dropped by analysts at Truist Financial from $45.00 to $44.00 in a report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective points to a potential upside of 11.39% from the company’s previous close.

A number of other equities research analysts have also weighed in on PCH. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Raymond James upgraded 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. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, September 12th. BMO Capital Markets upgraded 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. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, PotlatchDeltic has a consensus rating of “Moderate Buy” and an average price target of $48.20.

PotlatchDeltic Trading Up 1.0 %

Shares of PotlatchDeltic stock opened at $39.50 on Monday. 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 has a 52 week low of $37.06 and a 52 week high of $49.45. The stock has a 50 day moving average price of $41.84 and a two-hundred day moving average price of $42.13. The stock has a market capitalization of $3.11 billion, a PE ratio of 188.10 and a beta of 1.16.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. The firm had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, equities analysts anticipate that PotlatchDeltic will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PotlatchDeltic

Institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp raised its stake in PotlatchDeltic by 3.3% in the second quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 286 shares in the last quarter. Saturna Capital Corp increased its holdings in shares of PotlatchDeltic by 3.7% during the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 356 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of PotlatchDeltic by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 22,256 shares of the real estate investment trust’s stock valued at $877,000 after purchasing an additional 445 shares during the period. Azzad Asset Management Inc. ADV lifted its stake in shares of PotlatchDeltic by 3.6% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 16,456 shares of the real estate investment trust’s stock valued at $741,000 after purchasing an additional 570 shares during the period. Finally, Creative Planning boosted its holdings in PotlatchDeltic by 13.6% during the third quarter. Creative Planning now owns 5,835 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 699 shares in the last quarter. 86.06% of the stock is owned by institutional investors.

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.