PotlatchDeltic (NASDAQ:PCH) Receives Buy Rating from DA Davidson

PotlatchDeltic (NASDAQ:PCH)‘s stock had its “buy” rating reaffirmed by DA Davidson in a research note issued 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 suggests a potential upside of 21.56% from the company’s current price.

A number of other analysts also recently commented on PCH. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Monday, December 23rd. StockNews.com lowered shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Friday, December 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Finally, Citigroup dropped their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.57.

PotlatchDeltic Trading Up 2.6 %

Shares of PCH opened at $43.60 on Tuesday. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 207.62 and a beta of 1.16. The company has a 50-day moving average of $41.57 and a 200 day moving average of $42.42. PotlatchDeltic has a 1-year low of $37.06 and a 1-year high of $47.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, topping 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%. On average, research analysts expect that PotlatchDeltic will post 0.21 EPS for the current year.

Institutional Trading of PotlatchDeltic

Large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its stake 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 worth $356,000 after acquiring an additional 286 shares during the last quarter. Saturna Capital Corp grew its holdings in PotlatchDeltic by 3.7% during the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock worth $452,000 after acquiring an additional 356 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in PotlatchDeltic by 3.6% in 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 buying an additional 570 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of PotlatchDeltic by 9.0% during the fourth quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 662 shares during the period. Finally, Creative Planning raised its position in shares of PotlatchDeltic by 13.6% during the 3rd quarter. Creative Planning now owns 5,835 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 699 shares during the period. Institutional investors and hedge funds 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.