Fintel reports that on December 6, 2024, BMO Capital upgraded their outlook for PotlatchDeltic (NasdaqGS:PCH) from Market Perform to Outperform.
Analyst Price Forecast Suggests 17.84% Upside
As of December 3, 2024, the average one-year price target for PotlatchDeltic is $52.17/share. The forecasts range from a low of $45.45 to a high of $57.75. The average price target represents an increase of 17.84% from its latest reported closing price of $44.27 / share.
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The projected annual revenue for PotlatchDeltic is 1,077MM, an increase of 1.75%. The projected annual non-GAAP EPS is 1.82.
What is the Fund Sentiment?
There are 652 funds or institutions reporting positions in PotlatchDeltic. This is an increase of 20 owner(s) or 3.16% in the last quarter. Average portfolio weight of all funds dedicated to PCH is 0.22%, an increase of 2.20%. Total shares owned by institutions increased in the last three months by 1.92% to 80,359K shares. 
The put/call ratio of PCH is 0.92, indicating a bullish outlook.
What are Other Shareholders Doing?
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 3,184K shares representing 4.04% ownership of the company. In its prior filing, the firm reported owning 3,240K shares , representing a decrease of 1.75%. The firm decreased its portfolio allocation in PCH by 2.91% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,520K shares representing 3.20% ownership of the company. In its prior filing, the firm reported owning 2,516K shares , representing an increase of 0.17%. The firm increased its portfolio allocation in PCH by 7.60% over the last quarter.
Pictet Asset Management Holding holds 2,482K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 2,489K shares , representing a decrease of 0.27%. The firm increased its portfolio allocation in PCH by 9.53% over the last quarter.
Legal & General Group holds 2,403K shares representing 3.05% ownership of the company. In its prior filing, the firm reported owning 2,211K shares , representing an increase of 8.01%. The firm decreased its portfolio allocation in PCH by 41.56% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,245K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 2,473K shares , representing a decrease of 10.16%. The firm decreased its portfolio allocation in PCH by 5.18% over the last quarter.
PotlatchDeltic Background Information
(This description is provided by the company.)
PotlatchDeltic is a leading Real Estate Investment Trust that owns approximately 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 practices, is committed to environmental and social responsibility and to responsible governance.
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