PotlatchDeltic’s (PCH) “Buy” Rating Reaffirmed at DA Davidson

PotlatchDeltic (NASDAQ:PCH)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a report released on Tuesday,Benzinga reports. They presently have a $53.00 price objective on the real estate investment trust’s stock. DA Davidson’s price objective would indicate a potential upside of 21.56% from the stock’s previous close.

PCH has been the subject of a number of other reports. Citigroup reduced their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a report on Friday, December 6th. Truist Financial cut their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Finally, StockNews.com cut PotlatchDeltic from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $48.57.

PotlatchDeltic Trading Up 2.6 %

Shares of PotlatchDeltic stock traded up $1.09 during midday trading on Tuesday, reaching $43.60. 570,090 shares of the company’s stock traded hands, compared to its average volume of 412,430. The company has a market cap of $3.43 billion, a PE ratio of 207.62 and a beta of 1.16. The stock has a 50 day moving average of $41.53 and a 200-day moving average of $42.41. PotlatchDeltic has a 12 month low of $37.06 and a 12 month high of $47.65. 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 announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. As a group, equities analysts expect that PotlatchDeltic will post 0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in PotlatchDeltic by 4.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust’s stock worth $6,364,000 after acquiring an additional 7,567 shares during the last quarter. Stephens Inc. AR raised its position in shares of PotlatchDeltic by 9.0% in the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 662 shares during the period. KBC Group NV grew its holdings in shares of PotlatchDeltic by 67.3% during the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,483 shares during the period. Fifth Third Bancorp lifted 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 buying an additional 818 shares in the last quarter. Finally, Procyon Advisors LLC raised its stake in shares of PotlatchDeltic by 37.3% in the 4th quarter. Procyon Advisors LLC now owns 9,241 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 2,511 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.

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.