PotlatchDeltic (NASDAQ:PCH) Downgraded by StockNews.com

StockNews.com cut shares of PotlatchDeltic (NASDAQ:PCHGet Rating) from a buy rating to a hold rating in a report published on Wednesday morning.

A number of other research firms have also weighed in on PCH. Royal Bank of Canada lowered PotlatchDeltic from an outperform rating to a sector perform rating and dropped their price objective for the company from $65.00 to $60.00 in a research note on Wednesday. Zacks Investment Research raised PotlatchDeltic from a strong sell rating to a strong-buy rating and set a $66.00 price target for the company in a research note on Wednesday, January 12th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $64.25.

NASDAQ:PCH opened at $54.73 on Wednesday. The firm has a market cap of $3.78 billion, a PE ratio of 8.74 and a beta of 1.23. PotlatchDeltic has a fifty-two week low of $48.82 and a fifty-two week high of $65.67. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.76 and a current ratio of 3.34. The business has a 50 day moving average price of $53.73 and a 200-day moving average price of $55.18.

PotlatchDeltic (NASDAQ:PCHGet Rating) last released its quarterly earnings data on Monday, April 25th. The real estate investment trust reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.36. The firm had revenue of $411.40 million during the quarter, compared to analyst estimates of $382.28 million. PotlatchDeltic had a return on equity of 26.86% and a net margin of 31.69%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 earnings per share. Research analysts predict that PotlatchDeltic will post 4.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Friday, March 4th were paid a $0.44 dividend. This is a positive change from PotlatchDeltic’s previous quarterly dividend of $0.41. The ex-dividend date was Thursday, March 3rd. This represents a $1.76 dividend on an annualized basis and a yield of 3.22%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 28.12%.

A number of institutional investors have recently made changes to their positions in PCH. MUFG Americas Holdings Corp lifted its position in PotlatchDeltic by 69.5% during the third quarter. MUFG Americas Holdings Corp now owns 478 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 196 shares during the period. Moors & Cabot Inc. lifted its position in PotlatchDeltic by 458.1% during the third quarter. Moors & Cabot Inc. now owns 27,000 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 22,162 shares during the period. Capital Analysts LLC purchased a new position in PotlatchDeltic during the fourth quarter valued at $28,000. Huntington National Bank purchased a new position in PotlatchDeltic during the fourth quarter valued at $33,000. Finally, Fieldpoint Private Securities LLC lifted its position in PotlatchDeltic by 41.1% during the third quarter. Fieldpoint Private Securities LLC now owns 755 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 220 shares during the period. 82.07% of the stock is owned by institutional investors and hedge funds.

About PotlatchDeltic (Get Rating)

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. 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.

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