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

  • 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.
  • 8/28/2018 – Potlatchdeltic was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 8/20/2018 – Potlatchdeltic was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

NASDAQ PCH opened at $36.63 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.40 and a current ratio of 3.21. Potlatchdeltic Corp has a 12 month low of $35.10 and a 12 month high of $56.35. The company has a market capitalization of $2.57 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 2.79 and a beta of 1.10.

Potlatchdeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.14. Potlatchdeltic had a return on equity of 18.57% and a net margin of 12.72%. The company had revenue of $268.20 million for the quarter, compared to analysts’ expectations of $271.88 million. During the same period in the previous year, the firm earned $0.59 EPS. The firm’s revenue was up 64.3% compared to the same quarter last year. As a group, equities analysts forecast that Potlatchdeltic Corp will post 2.94 earnings per share for the current year.

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

In related news, VP Lorrie D. Scott sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $47.06, for a total value of $70,590.00. Following the transaction, the vice president now directly owns 14,586 shares of the company’s stock, valued at approximately $686,417.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in Potlatchdeltic by 323.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 48,700 shares of the real estate investment trust’s stock worth $1,994,000 after acquiring an additional 37,200 shares during the last quarter. Old Port Advisors bought a new position in shares of Potlatchdeltic during the 2nd quarter valued at approximately $2,054,000. Northern Trust Corp increased its position in shares of Potlatchdeltic by 36.9% during the 2nd quarter. Northern Trust Corp now owns 1,288,325 shares of the real estate investment trust’s stock valued at $65,511,000 after purchasing an additional 346,939 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Potlatchdeltic by 2,324.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 32,272 shares of the real estate investment trust’s stock valued at $1,641,000 after purchasing an additional 30,941 shares during the last quarter. Finally, Forsta AP Fonden bought a new position in shares of Potlatchdeltic during the 2nd quarter valued at approximately $473,000. 83.52% of the stock is currently owned by institutional investors and hedge funds.

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.

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