PotlatchDeltic (NASDAQ:PCH – Get Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
Other analysts have also issued reports about the stock. Truist Financial lowered their target price on shares of PotlatchDeltic from $48.00 to $47.00 and set a “hold” rating for the company in a research note on Wednesday, February 1st. Citigroup began coverage on shares of PotlatchDeltic in a research note on Wednesday, March 1st. They set a “buy” rating for the company. Finally, DA Davidson lowered their target price on shares of PotlatchDeltic from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, January 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.40.
PotlatchDeltic Stock Down 1.2 %
NASDAQ PCH opened at $44.73 on Wednesday. The company has a quick ratio of 2.89, a current ratio of 3.78 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average of $47.61 and a two-hundred day moving average of $46.57. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 17.14 and a beta of 1.18. PotlatchDeltic has a 52 week low of $39.10 and a 52 week high of $58.13.
Insider Buying and Selling at PotlatchDeltic
In other PotlatchDeltic news, VP William R. Dereu sold 1,040 shares of the stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $47.06, for a total transaction of $48,942.40. Following the completion of the sale, the vice president now directly owns 56,968 shares of the company’s stock, valued at $2,680,914.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Wayne Wasechek sold 1,800 shares of the stock in a transaction that occurred on Wednesday, February 15th. The shares were sold at an average price of $47.99, for a total value of $86,382.00. Following the completion of the transaction, the insider now directly owns 12,322 shares of the company’s stock, valued at approximately $591,332.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William R. Dereu sold 1,040 shares of the stock in a transaction that occurred on Friday, February 17th. The shares were sold at an average price of $47.06, for a total transaction of $48,942.40. Following the completion of the transaction, the vice president now directly owns 56,968 shares of the company’s stock, valued at $2,680,914.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,028 shares of company stock valued at $4,667,676. 2.00% of the stock is currently owned by insiders.
Hedge Funds Weigh In On PotlatchDeltic
Hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of PotlatchDeltic by 13.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,311 shares of the real estate investment trust’s stock worth $1,335,000 after purchasing an additional 3,064 shares during the period. BlackRock Inc. grew its stake in shares of PotlatchDeltic by 3.0% during the 1st quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust’s stock worth $472,566,000 after purchasing an additional 258,490 shares during the period. APG Asset Management N.V. grew its stake in shares of PotlatchDeltic by 99.4% during the 1st quarter. APG Asset Management N.V. now owns 32,500 shares of the real estate investment trust’s stock worth $1,540,000 after purchasing an additional 16,200 shares during the period. Great West Life Assurance Co. Can grew its stake in shares of PotlatchDeltic by 11.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,159 shares of the real estate investment trust’s stock worth $2,120,000 after purchasing an additional 4,003 shares during the period. Finally, Yousif Capital Management LLC grew its stake in shares of PotlatchDeltic by 7.3% during the 1st quarter. Yousif Capital Management LLC now owns 37,230 shares of the real estate investment trust’s stock worth $1,963,000 after purchasing an additional 2,546 shares during the period. Institutional investors and hedge funds own 80.36% of the company’s stock.
About PotlatchDeltic
PotlatchDeltic Corp. operates as a real estate investment trust, which engages in the ownership and management of acres of timberlands. It operates through the following segments: Timberlands, Wood Products, and Real Estate. The Timberland segment includes delivering logs, pulpwood, sawlogs, and stumpage.
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