PotlatchDeltic (NASDAQ:PCH) Stock Rating Upgraded by Raymond James

PotlatchDeltic (NASDAQ:PCH) was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat.com reports. The firm currently has a $45.00 price target on the real estate investment trust’s stock. Raymond James’ price objective points to a potential upside of 13.81% from the stock’s previous close.

Several other analysts have also commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research note on Friday, December 6th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Truist Financial increased their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.40.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $39.54 on Monday. The company has a 50-day simple moving average of $42.43 and a two-hundred day simple moving average of $42.21. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $50.04. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 188.29 and a beta of 1.14. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm’s 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 EPS. On average, equities analysts forecast that PotlatchDeltic will post 0.15 EPS for the current year.

Institutional Investors Weigh In On PotlatchDeltic

A number of institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new position in shares of PotlatchDeltic in the second quarter worth $82,000. Quest Partners LLC purchased a new stake in PotlatchDeltic in the 2nd quarter worth $85,000. Systematic Financial Management LP bought a new position in shares of PotlatchDeltic during the 3rd quarter valued at about $166,000. FMR LLC grew its position in shares of PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 733 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. bought a new stake in shares of PotlatchDeltic in the third quarter worth about $219,000. Hedge funds and other 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.