BidaskClub lowered shares of Potlatchdeltic (NASDAQ:PCH) from a hold rating to a sell rating in a research report report published on Saturday morning.

A number of other brokerages also recently issued reports on PCH. Zacks Investment Research raised Potlatchdeltic from a hold rating to a buy rating and set a $57.00 target price for the company in a research note on Wednesday, July 11th. ValuEngine raised Potlatchdeltic from a sell rating to a hold rating in a research note on Monday, August 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $50.83.

Shares of PCH stock opened at $45.80 on Friday. The company has a market cap of $2.89 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 3.14 and a beta of 1.10. Potlatchdeltic has a 12-month low of $44.88 and a 12-month high of $56.35. The company has a quick ratio of 2.40, a current ratio of 3.21 and a debt-to-equity ratio of 0.58.

Potlatchdeltic (NASDAQ:PCH) last issued its earnings results on Monday, July 30th. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.14. The business had revenue of $268.20 million during the quarter, compared to the consensus estimate of $271.88 million. Potlatchdeltic had a return on equity of 18.57% and a net margin of 12.72%. The company’s revenue for the quarter was up 64.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 EPS. equities research analysts expect that Potlatchdeltic will post 2.94 earnings per share for the current year.

Potlatchdeltic declared that its board has authorized a stock repurchase plan on Thursday, August 30th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 3.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a special dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, September 27th will be paid a dividend of $3.54 per share. This represents a dividend yield of 3.31%. The ex-dividend date of this dividend is Thursday, September 13th. Potlatchdeltic’s dividend payout ratio (DPR) is 67.80%.

In related news, VP Lorrie D. Scott sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $47.06, for a total value of $70,590.00. Following the completion of the transaction, the vice president now directly owns 14,586 shares of the company’s stock, valued at approximately $686,417.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PCH. Contravisory Investment Management Inc. purchased a new position in Potlatchdeltic in the 2nd quarter valued at approximately $142,000. NumerixS Investment Technologies Inc purchased a new position in Potlatchdeltic in the 2nd quarter valued at approximately $171,000. Csenge Advisory Group purchased a new position in Potlatchdeltic in the 1st quarter valued at approximately $200,000. Mariner LLC purchased a new position in Potlatchdeltic in the 1st quarter valued at approximately $203,000. Finally, Aristotle Atlantic Partners LLC purchased a new position in Potlatchdeltic in the 1st quarter valued at approximately $234,000. 83.46% of the stock is owned by hedge funds and other 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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