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

StockNews.com lowered shares of PotlatchDeltic (NASDAQ:PCH) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

A number of other analysts also recently weighed in on the stock. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Monday, December 23rd. Truist Financial dropped their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research report on Friday, December 6th. Citigroup lowered their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, PotlatchDeltic has an average rating of “Moderate Buy” and a consensus target price of $47.83.

PotlatchDeltic Stock Performance

Shares of PCH stock opened at $42.09 on Thursday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. The company’s fifty day moving average price is $41.49 and its two-hundred day moving average price is $42.27. The firm has a market capitalization of $3.32 billion, a P/E ratio of 200.43 and a beta of 1.16. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results 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. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share. The company’s revenue was down 3.9% compared to the same quarter last year. On average, research analysts anticipate that PotlatchDeltic will post 0.21 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MQS Management LLC acquired a new position in shares of PotlatchDeltic during the third quarter valued at $771,000. TCW Group Inc. acquired a new position in PotlatchDeltic during the 3rd quarter valued at about $1,923,000. 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 valued at $4,053,000 after purchasing an additional 98,123 shares during the period. Quest Partners LLC raised its holdings in shares of PotlatchDeltic by 872.1% during the third quarter. Quest Partners LLC now owns 20,997 shares of the real estate investment trust’s stock valued at $946,000 after buying an additional 18,837 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of PotlatchDeltic by 4,404.9% during the third quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock worth $905,000 after buying an additional 19,646 shares during the period. 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.