Potlatchdeltic (NASDAQ:PCH) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Wednesday, BidAskClub reports.

PCH has been the topic of several other reports. Bank of America raised Potlatchdeltic from a “neutral” rating to a “buy” rating and set a $37.88 target price on the stock in a research report on Friday, April 5th. Vertical Research cut Potlatchdeltic from a “buy” rating to a “hold” rating and set a $39.00 target price for the company. in a research note on Friday, April 12th. BMO Capital Markets raised Potlatchdeltic from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research note on Monday, March 11th. Seaport Global Securities assumed coverage on Potlatchdeltic in a research note on Tuesday, April 2nd. They set a “buy” rating and a $45.00 target price for the company. Finally, Zacks Investment Research cut Potlatchdeltic from a “buy” rating to a “strong sell” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $43.48.

Shares of NASDAQ:PCH opened at $36.47 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.72 and a quick ratio of 1.19. Potlatchdeltic has a 1 year low of $28.07 and a 1 year high of $52.65. The stock has a market cap of $2.39 billion, a PE ratio of 16.00, a PEG ratio of 7.86 and a beta of 1.35.

Potlatchdeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. Potlatchdeltic had a return on equity of 8.66% and a net margin of 12.01%. The firm had revenue of $181.72 million during the quarter, compared to analysts’ expectations of $179.89 million. During the same quarter in the prior year, the business earned $0.69 EPS. Potlatchdeltic’s quarterly revenue was down 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Potlatchdeltic will post 0.9 EPS for the current year.

In other news, Director John S. Moody sold 1,781 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $33.68, for a total transaction of $59,984.08. Following the completion of the sale, the director now directly owns 2,617 shares of the company’s stock, valued at $88,140.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of PCH. BlackRock Inc. increased its holdings in shares of Potlatchdeltic by 0.8% during the 1st quarter. BlackRock Inc. now owns 8,603,716 shares of the real estate investment trust’s stock valued at $325,134,000 after acquiring an additional 65,019 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Potlatchdeltic by 9.7% during the 1st quarter. Wellington Management Group LLP now owns 3,643,678 shares of the real estate investment trust’s stock worth $137,694,000 after purchasing an additional 322,250 shares in the last quarter. FMR LLC grew its holdings in shares of Potlatchdeltic by 24.4% during the 1st quarter. FMR LLC now owns 1,865,726 shares of the real estate investment trust’s stock worth $70,505,000 after purchasing an additional 366,327 shares in the last quarter. Northern Trust Corp lifted its position in shares of Potlatchdeltic by 1.4% during the 1st quarter. Northern Trust Corp now owns 1,455,399 shares of the real estate investment trust’s stock worth $54,999,000 after buying an additional 19,889 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Potlatchdeltic by 8.2% during the 4th quarter. Bank of New York Mellon Corp now owns 931,612 shares of the real estate investment trust’s stock worth $29,476,000 after buying an additional 70,849 shares during the period. 87.68% of the stock is owned by institutional investors.

Potlatchdeltic Company Profile

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 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 medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program.

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Analyst Recommendations for Potlatchdeltic (NASDAQ:PCH)

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