PotlatchDeltic (NASDAQ:PCH) Rating Lowered to Sell at StockNews.com

StockNews.com cut shares of PotlatchDeltic (NASDAQ:PCHFree Report) from a hold rating to a sell rating in a report published on Thursday morning.

A number of other research firms have also commented on PCH. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research report on Friday, December 6th. Citigroup cut their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. 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 report on Monday, December 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Finally, Truist Financial decreased their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, PotlatchDeltic presently has an average rating of “Moderate Buy” and an average price target of $47.83.

Get Our Latest Stock Report on PotlatchDeltic

PotlatchDeltic Stock Down 0.9 %

PotlatchDeltic stock opened at $41.71 on Thursday. The firm has a 50 day simple moving average of $41.49 and a 200 day simple moving average of $42.33. 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. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 198.62 and a beta of 1.16.

PotlatchDeltic (NASDAQ:PCHGet Free Report) last released its quarterly earnings data 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. The company had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. On average, analysts predict that PotlatchDeltic will post 0.21 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.32%. The ex-dividend date was Monday, December 16th. PotlatchDeltic’s dividend payout ratio (DPR) is currently 857.14%.

Hedge Funds Weigh In On PotlatchDeltic

Several institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp raised its position in PotlatchDeltic by 3.3% in the 2nd quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 286 shares during the period. Saturna Capital Corp increased its holdings in shares of PotlatchDeltic by 3.7% in the third quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 356 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 acquiring an additional 570 shares during the last quarter. Creative Planning boosted its holdings in PotlatchDeltic by 13.6% during the 3rd quarter. Creative Planning now owns 5,835 shares of the real estate investment trust’s stock valued at $263,000 after acquiring an additional 699 shares during the period. Finally, FMR LLC grew its position in PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 733 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Company Profile

(Get Free Report)

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.

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