Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Potlatchdeltic from a sell rating to a hold rating in a research report on Wednesday, July 31st. ValuEngine cut Potlatchdeltic from a buy rating to a hold rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada cut Potlatchdeltic from an outperform rating to a sector perform rating and set a $42.00 target price for the company. in a research report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Potlatchdeltic presently has an average rating of Buy and an average target price of $43.27.
Shares of NASDAQ PCH opened at $36.49 on Wednesday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 30.37, a PEG ratio of 8.86 and a beta of 1.43. The stock’s fifty day simple moving average is $37.88 and its 200 day simple moving average is $37.37. The company has a quick ratio of 1.14, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. Potlatchdeltic has a 52-week low of $28.07 and a 52-week high of $48.70.
In other news, Director John S. Moody sold 1,781 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $33.68, for a total value of $59,984.08. Following the completion of the sale, the director now owns 2,617 shares of the company’s stock, valued at $88,140.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PCH. Royal Bank of Canada boosted its position in Potlatchdeltic by 1.1% during the second quarter. Royal Bank of Canada now owns 182,782 shares of the real estate investment trust’s stock valued at $7,126,000 after purchasing an additional 2,077 shares during the last quarter. United Services Automobile Association boosted its position in Potlatchdeltic by 2.6% during the second quarter. United Services Automobile Association now owns 365,807 shares of the real estate investment trust’s stock valued at $14,259,000 after purchasing an additional 9,210 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Potlatchdeltic during the second quarter valued at $988,000. Nuveen Asset Management LLC acquired a new stake in Potlatchdeltic during the second quarter valued at $11,986,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Potlatchdeltic by 2.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,342,337 shares of the real estate investment trust’s stock valued at $52,324,000 after purchasing an additional 30,669 shares during the last quarter. 90.67% 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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