Citigroup Has Lowered Expectations for PotlatchDeltic (NASDAQ:PCH) Stock Price

PotlatchDeltic (NASDAQ:PCH - Get Free Report) had its price objective decreased by investment analysts at Citigroup from $49.00 to $47.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Citigroup's price objective suggests a potential upside of 21.57% from the company's previous close.

Separately, Truist Financial decreased their target price on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $48.57.

PotlatchDeltic Trading Down 0.4%

PotlatchDeltic stock traded down $0.14 during trading hours on Tuesday, reaching $38.66. 510,436 shares of the company's stock traded hands, compared to its average volume of 472,995. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. PotlatchDeltic has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The firm's 50 day moving average is $39.59 and its 200-day moving average is $41.90. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 138.07 and a beta of 1.16.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The business had revenue of $268.26 million during the quarter, compared to the consensus estimate of $243.68 million. PotlatchDeltic's revenue was up 17.6% on a year-over-year basis. On average, analysts predict that PotlatchDeltic will post 0.8 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of PotlatchDeltic by 27.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock worth $44,960,000 after acquiring an additional 245,026 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in PotlatchDeltic by 4.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust's stock worth $6,364,000 after acquiring an additional 7,567 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in PotlatchDeltic by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock valued at $60,554,000 after purchasing an additional 70,745 shares during the period. Bank of America Corp DE raised its position in shares of PotlatchDeltic by 11.0% in the fourth quarter. Bank of America Corp DE now owns 745,033 shares of the real estate investment trust's stock valued at $29,243,000 after buying an additional 73,781 shares during the last quarter. Finally, Stephens Inc. AR boosted its holdings in PotlatchDeltic by 9.0% in the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock valued at $314,000 after purchasing an additional 662 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

About PotlatchDeltic

PotlatchDeltic Corporation Nasdaq: PCH is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.