Several other equities analysts have also issued reports on the company. Royal Bank of Canada lowered Potlatchdeltic from an outperform rating to a sector perform rating and set a $42.00 price target on the stock. in a research note on Wednesday, July 31st. Zacks Investment Research upgraded Potlatchdeltic from a sell rating to a hold rating in a research note on Wednesday, July 31st. Finally, ValuEngine lowered Potlatchdeltic from a buy rating to a hold rating in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $43.27.
Shares of PCH opened at $36.49 on Wednesday. Potlatchdeltic has a 12-month low of $28.07 and a 12-month high of $48.70. The company has a quick ratio of 1.14, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 8.86 and a beta of 1.43. The stock’s 50-day moving average price is $37.88 and its 200 day moving average price is $37.37.
In other Potlatchdeltic news, Director John S. Moody sold 1,781 shares of Potlatchdeltic stock in a transaction that occurred 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 sale, the director now directly owns 2,617 shares of the company’s stock, valued at $88,140.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mason Street Advisors LLC boosted its holdings in Potlatchdeltic by 2.0% during the first quarter. Mason Street Advisors LLC now owns 36,089 shares of the real estate investment trust’s stock valued at $1,364,000 after purchasing an additional 693 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Potlatchdeltic by 422.5% during the first quarter. BNP Paribas Arbitrage SA now owns 22,874 shares of the real estate investment trust’s stock valued at $864,000 after purchasing an additional 18,496 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in Potlatchdeltic by 20.8% during the first quarter. Westwood Holdings Group Inc. now owns 659,012 shares of the real estate investment trust’s stock valued at $24,904,000 after purchasing an additional 113,685 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in Potlatchdeltic during the first quarter valued at approximately $168,000. Finally, Hartford Financial Management Inc. boosted its holdings in Potlatchdeltic by 12.8% during the first quarter. Hartford Financial Management Inc. now owns 35,672 shares of the real estate investment trust’s stock valued at $1,348,000 after purchasing an additional 4,056 shares in the last quarter. 90.67% of the stock is currently 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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