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

StockNews.com cut shares of PotlatchDeltic (NASDAQ:PCH) from a hold rating to a sell rating in a research note released on Monday morning.

Other equities analysts have also recently issued reports about the company. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, September 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Finally, Truist Financial boosted their price target on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. One 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $48.67.

PotlatchDeltic Stock Performance

Shares of PCH stock opened at $42.55 on Monday. The stock has a fifty day moving average price of $43.50 and a 200 day moving average price of $42.23. The stock has a market cap of $3.36 billion, a PE ratio of 202.62 and a beta of 1.14. PotlatchDeltic has a 1 year low of $37.06 and a 1 year high of $50.04. 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 issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.08. The firm had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. PotlatchDeltic’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. Sell-side analysts forecast that PotlatchDeltic will post 0.11 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

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

Institutional Investors Weigh In On PotlatchDeltic

A number of institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in PotlatchDeltic by 3.3% during the second quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 286 shares during the period. Saturna Capital Corp raised its stake in PotlatchDeltic by 3.7% during the third quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock valued at $452,000 after buying an additional 356 shares in the last quarter. Arizona State Retirement System raised its stake in PotlatchDeltic by 2.0% during the second quarter. Arizona State Retirement System now owns 22,256 shares of the real estate investment trust’s stock valued at $877,000 after buying an additional 445 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of PotlatchDeltic by 370.7% during the first quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 556 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its holdings in shares of PotlatchDeltic by 3.6% during the third quarter. Azzad Asset Management Inc. ADV now owns 16,456 shares of the real estate investment trust’s stock valued at $741,000 after purchasing an additional 570 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

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.