PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns 1.8 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 residential and commercial real estate development business and a rural timberland sales program. PotlatchDeltic, a leader in sustainable forest management, is committed to environmental and social responsibility and to responsible governance.
Analysts Set New Price Targets
A number of analysts have recently commented on PCH shares. Royal Bank of Canada lowered PotlatchDeltic from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $65.00 to $60.00 in a report on Wednesday, April 27th. Truist Financial upped their target price on PotlatchDeltic to $51.00 and gave the stock an "outperform" rating in a report on Wednesday, July 27th. StockNews.com lowered PotlatchDeltic from a "buy" rating to a "hold" rating in a report on Wednesday, August 3rd. Finally, DA Davidson dropped their target price on PotlatchDeltic from $66.00 to $59.00 and set a "buy" rating on the stock in a report on Monday, June 27th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $60.00.
PotlatchDeltic Stock Performance
NASDAQ:PCH traded up $0.88 during trading on Thursday, reaching $48.02. 255,614 shares of the company's stock were exchanged, compared to its average volume of 372,586. The business has a 50 day moving average price of $46.85 and a 200-day moving average price of $51.41. The stock has a market capitalization of $3.33 billion, a P/E ratio of 8.54 and a beta of 1.15. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.20 and a quick ratio of 3.78. PotlatchDeltic has a fifty-two week low of $43.37 and a fifty-two week high of $61.51.
PotlatchDeltic (NASDAQ:PCH - Get Rating) last announced its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.26. PotlatchDeltic had a return on equity of 23.13% and a net margin of 29.77%. The firm had revenue of $359.60 million for the quarter, compared to the consensus estimate of $341.42 million. During the same quarter in the previous year, the business earned $2.77 earnings per share. The business's revenue was down 19.6% compared to the same quarter last year. Sell-side analysts forecast that PotlatchDeltic will post 5.24 earnings per share for the current fiscal year.