PotlatchDeltic (NASDAQ:PCH) Given New $42.00 Price Target at Truist Financial

PotlatchDeltic (NASDAQ:PCH - Get Free Report) had its price objective reduced by Truist Financial from $44.00 to $42.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "hold" rating on the real estate investment trust's stock. Truist Financial's price objective would indicate a potential upside of 8.63% from the stock's current price.

A number of other research firms also recently issued reports on PCH. Raymond James upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a research report on Monday, December 23rd. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Finally, Citigroup decreased their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $48.43.

PotlatchDeltic Trading Up 0.9 %

NASDAQ:PCH traded up $0.35 during mid-day trading on Tuesday, hitting $38.66. 166,714 shares of the company's stock were exchanged, compared to its average volume of 444,671. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. PotlatchDeltic has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The company has a 50 day simple moving average of $43.56 and a 200-day simple moving average of $42.67. The firm has a market capitalization of $3.04 billion, a P/E ratio of 138.41 and a beta of 1.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. As a group, research analysts expect that PotlatchDeltic will post 0.8 earnings per share for the current year.

Insider Activity

In related news, CFO Wayne Wasechek sold 1,293 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.82, for a total value of $57,952.26. Following the sale, the chief financial officer now directly owns 27,701 shares in the company, valued at approximately $1,241,558.82. The trade was a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the transaction, the chief executive officer now owns 281,133 shares of the company's stock, valued at $12,583,513.08. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock valued at $834,770 in the last three months. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On PotlatchDeltic

Several hedge funds have recently made changes to their positions in PCH. Norges Bank bought a new stake in PotlatchDeltic during the 4th quarter worth approximately $217,145,000. Legal & General Group Plc lifted its stake in shares of PotlatchDeltic by 4.0% in the 4th quarter. Legal & General Group Plc now owns 2,498,762 shares of the real estate investment trust's stock valued at $98,076,000 after acquiring an additional 95,485 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of PotlatchDeltic by 12.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust's stock valued at $94,360,000 after purchasing an additional 260,674 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of PotlatchDeltic by 17.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust's stock worth $92,623,000 after buying an additional 351,777 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in PotlatchDeltic by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock worth $60,554,000 after acquiring an additional 70,745 shares during the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Company Profile

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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