StockNews.com Lowers PotlatchDeltic (NASDAQ:PCH) to Sell

PotlatchDeltic (NASDAQ:PCH) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

PCH has been the topic of a number of other reports. Truist Financial reduced their price objective on shares of PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th. Royal Bank of Canada lifted their price target on PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $46.00.

PotlatchDeltic Stock Down 2.7 %

NASDAQ:PCH traded down $1.18 during mid-day trading on Thursday, hitting $43.18. The company had a trading volume of 568,360 shares, compared to its average volume of 431,292. The business has a fifty day simple moving average of $40.90 and a 200-day simple moving average of $43.30. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 75.76, a PEG ratio of 10.31 and a beta of 1.12. PotlatchDeltic has a 1 year low of $37.06 and a 1 year high of $52.13. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 0.41.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $320.70 million for the quarter, compared to analyst estimates of $305.01 million. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. Equities analysts forecast that PotlatchDeltic will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Ashlee Townsend Cribb sold 4,114 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $43.11, for a total value of $177,354.54. Following the completion of the sale, the vice president now owns 29,039 shares in the company, valued at $1,251,871.29. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PotlatchDeltic

A number of institutional investors and hedge funds have recently modified their holdings of PCH. SG Americas Securities LLC lifted its stake in PotlatchDeltic by 34.1% during the fourth quarter. SG Americas Securities LLC now owns 12,337 shares of the real estate investment trust’s stock valued at $606,000 after buying an additional 3,135 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of PotlatchDeltic by 149.7% in the 4th quarter. Pacer Advisors Inc. now owns 16,794 shares of the real estate investment trust’s stock valued at $825,000 after acquiring an additional 10,067 shares in the last quarter. Capital Square LLC boosted its stake in PotlatchDeltic by 11.4% in the 4th quarter. Capital Square LLC now owns 35,108 shares of the real estate investment trust’s stock worth $1,724,000 after purchasing an additional 3,586 shares during the period. Valeo Financial Advisors LLC purchased a new position in PotlatchDeltic during the 4th quarter worth approximately $209,000. Finally, Hartford Financial Management Inc. raised its stake in PotlatchDeltic by 2.4% during the 4th quarter. Hartford Financial Management Inc. now owns 26,146 shares of the real estate investment trust’s stock valued at $1,284,000 after purchasing an additional 610 shares during the period. Institutional investors and hedge funds 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.