Potlatchdeltic Corp (NASDAQ:PCH) – Investment analysts at Seaport Global Securities reduced their FY2019 earnings estimates for shares of Potlatchdeltic in a research report issued to clients and investors on Wednesday, July 31st, Zacks Investment Research reports. Seaport Global Securities analyst M. Weintraub now expects that the real estate investment trust will post earnings of $0.80 per share for the year, down from their prior estimate of $0.90. Seaport Global Securities also issued estimates for Potlatchdeltic’s Q4 2019 earnings at $0.18 EPS, Q1 2020 earnings at $0.28 EPS, Q2 2020 earnings at $0.21 EPS and FY2020 earnings at $1.25 EPS.
Potlatchdeltic (NASDAQ:PCH) last posted its earnings results on Monday, July 29th. The real estate investment trust reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.06. Potlatchdeltic had a net margin of 9.50% and a return on equity of 6.46%. The firm had revenue of $215.60 million during the quarter, compared to the consensus estimate of $210.17 million. During the same quarter last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was down 19.6% on a year-over-year basis.
A number of other equities research analysts have also recently weighed in on PCH. Royal Bank of Canada cut shares of Potlatchdeltic from an “outperform” rating to a “sector perform” rating and set a $42.00 price target for the company. in a research report on Wednesday, July 31st. ValuEngine cut shares of Potlatchdeltic from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub raised shares of Potlatchdeltic from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research raised shares of Potlatchdeltic from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $43.27.
Shares of Potlatchdeltic stock traded down $1.17 during trading on Thursday, hitting $36.49. 211,641 shares of the stock were exchanged, compared to its average volume of 353,947. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 8.85 and a beta of 1.43. The firm’s 50-day moving average price is $37.88 and its 200 day moving average price is $37.37. Potlatchdeltic has a 12-month low of $28.07 and a 12-month high of $48.70. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.14.
A number of hedge funds have recently made changes to their positions in PCH. Penserra Capital Management LLC bought a new stake in Potlatchdeltic in the 1st quarter valued at about $29,000. Advisor Group Inc. lifted its position in Potlatchdeltic by 107.8% in the 4th quarter. Advisor Group Inc. now owns 1,253 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 650 shares during the last quarter. American Research & Management Co. bought a new stake in Potlatchdeltic in the 1st quarter valued at about $57,000. First Interstate Bank lifted its position in Potlatchdeltic by 319.8% in the 1st quarter. First Interstate Bank now owns 2,166 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Pearl River Capital LLC bought a new stake in Potlatchdeltic in the 1st quarter valued at about $84,000. 90.67% of the stock is owned by institutional investors.
In other news, Director John S. Moody sold 1,781 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $33.68, for a total value of $59,984.08. Following the completion of the sale, the director now owns 2,617 shares of the company’s stock, valued at $88,140.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.00% of the stock is owned by corporate insiders.
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.