Potlatchdeltic (NASDAQ: PCH) recently received a number of ratings updates from brokerages and research firms:

  • 10/31/2018 – Potlatchdeltic was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Potlatch Corporation is a Real Estate Investment Trust (REIT) with the acres of timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi. Potlatch, a certified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. “
  • 10/31/2018 – Potlatchdeltic had its price target lowered by analysts at BMO Capital Markets from $49.00 to $44.00. They now have a “hold” rating on the stock.
  • 10/30/2018 – Potlatchdeltic was upgraded by analysts at DA Davidson from a “neutral” rating to a “buy” rating. They now have a $50.00 price target on the stock, down previously from $52.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/29/2018 – Potlatchdeltic was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 10/17/2018 – Potlatchdeltic was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/16/2018 – Potlatchdeltic was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Potlatch Corporation is a Real Estate Investment Trust (REIT) with the acres of timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi. Potlatch, a certified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. “
  • 10/6/2018 – Potlatchdeltic was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Potlatch Corporation is a Real Estate Investment Trust (REIT) with the acres of timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi. Potlatch, a certified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. “
  • 9/28/2018 – Potlatchdeltic was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 9/22/2018 – Potlatchdeltic was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Potlatchdeltic stock opened at $36.83 on Wednesday. The company has a market capitalization of $2.29 billion, a PE ratio of 15.61, a PEG ratio of 2.98 and a beta of 1.16. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.66. Potlatchdeltic Corp has a fifty-two week low of $33.09 and a fifty-two week high of $55.75.

Potlatchdeltic (NASDAQ:PCH) last released its earnings results on Monday, October 29th. The real estate investment trust reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.01). The firm had revenue of $289.20 million during the quarter, compared to analysts’ expectations of $288.27 million. Potlatchdeltic had a return on equity of 15.77% and a net margin of 14.23%. The business’s revenue was up 51.9% on a year-over-year basis. During the same period last year, the business earned $0.82 earnings per share. On average, equities research analysts predict that Potlatchdeltic Corp will post 2.45 earnings per share for the current fiscal year.

The business also recently disclosed a special dividend, which will be paid on Thursday, November 15th. Investors of record on Thursday, September 27th will be given a dividend of $3.54 per share. This represents a yield of 3.31%. The ex-dividend date is Thursday, September 13th. Potlatchdeltic’s payout ratio is presently 67.80%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc purchased a new position in Potlatchdeltic during the second quarter valued at approximately $171,000. Itau Unibanco Holding S.A. purchased a new position in Potlatchdeltic during the second quarter valued at approximately $236,000. Fort Washington Investment Advisors Inc. OH purchased a new position in Potlatchdeltic during the second quarter valued at approximately $239,000. Marshall Wace LLP acquired a new stake in Potlatchdeltic in the second quarter valued at approximately $289,000. Finally, Tower Research Capital LLC TRC lifted its stake in Potlatchdeltic by 648.0% in the third quarter. Tower Research Capital LLC TRC now owns 5,842 shares of the real estate investment trust’s stock valued at $239,000 after acquiring an additional 5,061 shares during the last quarter. 83.36% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: Ex-Dividend

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