PotlatchDeltic (NASDAQ:PCH) Receives “Buy” Rating from DA Davidson

PotlatchDeltic (NASDAQ:PCH)‘s stock had its “buy” rating reiterated by equities researchers at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They currently have a $53.00 price objective on the real estate investment trust’s stock. DA Davidson’s target price points to a potential upside of 21.56% from the company’s current price.

Other equities analysts have also issued reports about the company. Truist Financial dropped their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. BMO Capital Markets upgraded 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. StockNews.com cut shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $48.57.

PotlatchDeltic Stock Performance

PCH traded up $1.09 during trading hours on Tuesday, reaching $43.60. The company’s stock had a trading volume of 570,090 shares, compared to its average volume of 412,430. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $47.65. The firm has a market cap of $3.43 billion, a PE ratio of 207.62 and a beta of 1.16. The company’s 50-day moving average is $41.53 and its 200-day moving average is $42.41. 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 (NASDAQ:PCH) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. On average, equities analysts forecast that PotlatchDeltic will post 0.21 EPS for the current year.

Institutional Trading of PotlatchDeltic

Several hedge funds have recently made changes to their positions in PCH. Fifth Third Bancorp increased its position in PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 818 shares during the last quarter. Quarry LP bought a new stake in PotlatchDeltic in the second quarter worth about $82,000. KBC Group NV boosted its position in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 1,483 shares during the period. Systematic Financial Management LP purchased a new stake in shares of PotlatchDeltic in the third quarter worth approximately $166,000. Finally, FMR LLC lifted its stake in shares of 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 hedge funds and other 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.