PotlatchDeltic (NASDAQ:PCH) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of PotlatchDeltic (NASDAQ:PCH) from a hold rating to a sell rating in a research report report published on Monday morning.

Several other brokerages have also recently commented on PCH. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a report on Thursday, September 12th. Finally, Truist Financial upped their target price on PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, PotlatchDeltic presently has an average rating of “Hold” and a consensus price target of $48.67.

PotlatchDeltic Trading Up 1.0 %

Shares of NASDAQ:PCH opened at $42.55 on Monday. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.36 billion, a PE ratio of 202.62 and a beta of 1.14. The business has a 50 day moving average of $43.50 and a two-hundred day moving average of $42.23. PotlatchDeltic has a 12-month low of $37.06 and a 12-month high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.08. The business 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 business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 EPS. As a group, analysts forecast that PotlatchDeltic will post 0.11 EPS for the current year.

PotlatchDeltic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.23%. PotlatchDeltic’s payout ratio is currently 857.14%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PCH. Russell Investments Group Ltd. grew its stake in shares of PotlatchDeltic by 353.2% in the 1st quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust’s stock valued at $21,394,000 after purchasing an additional 354,616 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of PotlatchDeltic by 33.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock valued at $48,346,000 after purchasing an additional 304,352 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of PotlatchDeltic by 19.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock valued at $61,913,000 after purchasing an additional 212,121 shares during the last quarter. Ceredex Value Advisors LLC purchased a new position in shares of PotlatchDeltic in the 3rd quarter valued at approximately $7,884,000. Finally, Westwood Holdings Group Inc. grew its stake in shares of PotlatchDeltic by 10.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,606,131 shares of the real estate investment trust’s stock valued at $75,520,000 after purchasing an additional 149,920 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Company Profile

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.