Potlatchdeltic (NASDAQ:PCH) was upgraded by research analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a report released on Thursday, The Fly reports.

Several other research analysts also recently commented on the company. BidaskClub raised Potlatchdeltic from a “sell” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada raised Potlatchdeltic from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $45.00 in a research note on Friday, July 10th. BofA Securities downgraded Potlatchdeltic from a “buy” rating to a “neutral” rating in a research note on Friday, September 11th. Finally, Bank of America downgraded Potlatchdeltic from a “buy” rating to a “neutral” rating and set a $48.00 price objective on the stock. in a research note on Friday, September 11th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Potlatchdeltic currently has an average rating of “Buy” and an average price target of $44.80.

PCH stock opened at $42.10 on Thursday. The business’s 50-day moving average is $43.77 and its two-hundred day moving average is $37.40. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 1.40. Potlatchdeltic has a fifty-two week low of $22.40 and a fifty-two week high of $48.13. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 161.93 and a beta of 1.37.

Potlatchdeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.05. Potlatchdeltic had a return on equity of 4.19% and a net margin of 2.17%. The firm had revenue of $181.56 million for the quarter, compared to the consensus estimate of $173.89 million. During the same quarter last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was down 15.8% compared to the same quarter last year. Equities analysts predict that Potlatchdeltic will post 2.35 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in PCH. Ellevest Inc. grew its holdings in Potlatchdeltic by 10,041.7% during the 2nd quarter. Ellevest Inc. now owns 1,217 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,205 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Potlatchdeltic during the 2nd quarter valued at approximately $92,000. Baker Ellis Asset Management LLC purchased a new position in Potlatchdeltic during the 2nd quarter valued at approximately $165,000. Advisor Group Holdings Inc. purchased a new position in Potlatchdeltic during the 1st quarter valued at approximately $173,000. Finally, Cove Street Capital LLC purchased a new position in Potlatchdeltic during the 2nd quarter valued at approximately $202,000. Hedge funds and other institutional investors own 85.32% of the company’s stock.

About Potlatchdeltic

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.

Featured Article: What Is An Exchange-Traded Fund (ETF)?

The Fly

Analyst Recommendations for Potlatchdeltic (NASDAQ:PCH)

Receive News & Ratings for Potlatchdeltic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatchdeltic and related companies with MarketBeat.com's FREE daily email newsletter.