PotlatchDeltic (NASDAQ:PCH) Given New $46.00 Price Target at Citigroup

PotlatchDeltic (NASDAQ:PCHGet Free Report) had its price target reduced by equities researchers at Citigroup from $52.00 to $46.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Citigroup’s target price indicates a potential upside of 11.95% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Monday, December 23rd. BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research note on Friday, December 6th. Truist Financial dropped their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.83.

View Our Latest Analysis on PotlatchDeltic

PotlatchDeltic Stock Performance

PCH stock traded up $1.22 during midday trading on Wednesday, hitting $41.09. The stock had a trading volume of 175,088 shares, compared to its average volume of 406,416. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 195.67 and a beta of 1.16. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The stock has a 50-day simple moving average of $41.49 and a 200 day simple moving average of $42.12. PotlatchDeltic has a 52 week low of $37.06 and a 52 week high of $48.08.

PotlatchDeltic (NASDAQ:PCHGet Free Report) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The business 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 quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 EPS. As a group, equities research analysts anticipate that PotlatchDeltic will post 0.15 earnings per share for the current year.

Institutional Trading of PotlatchDeltic

A number of institutional investors have recently modified their holdings of PCH. Westwood Holdings Group Inc. increased its stake in shares of PotlatchDeltic by 3.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust’s stock valued at $65,554,000 after purchasing an additional 58,111 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in shares of PotlatchDeltic by 33.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock valued at $48,346,000 after purchasing an additional 304,352 shares in the last quarter. Adelante Capital Management LLC grew its holdings in shares of PotlatchDeltic by 3,486.3% during the 3rd quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock valued at $51,684,000 after purchasing an additional 1,115,272 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in PotlatchDeltic by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after purchasing an additional 163,774 shares during the last quarter. Finally, Curi RMB Capital LLC boosted its position in PotlatchDeltic by 0.5% in the third quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock valued at $15,122,000 after buying an additional 1,578 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Company Profile

(Get Free Report)

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.

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Analyst Recommendations for PotlatchDeltic (NASDAQ:PCH)

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