Jupiter Asset Management Ltd. Sells 131,121 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Jupiter Asset Management Ltd. lowered its stake in PotlatchDeltic Co. (NASDAQ:PCHFree Report) by 53.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 116,438 shares of the real estate investment trust’s stock after selling 131,121 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.15% of PotlatchDeltic worth $5,285,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Intrepid Capital Management Inc. bought a new stake in shares of PotlatchDeltic in the 2nd quarter valued at $30,000. Millburn Ridgefield Corp bought a new position in PotlatchDeltic during the 3rd quarter worth about $28,000. Steward Partners Investment Advisory LLC increased its holdings in PotlatchDeltic by 490.2% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 903 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 750 shares in the last quarter. Fifth Third Bancorp increased its holdings in PotlatchDeltic by 43.8% during the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 305 shares in the last quarter. Finally, CENTRAL TRUST Co increased its holdings in PotlatchDeltic by 46.7% during the 3rd quarter. CENTRAL TRUST Co now owns 1,281 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 408 shares in the last quarter. Institutional investors and hedge funds own 85.76% of the company’s stock.

PotlatchDeltic Stock Up 0.2 %

PCH opened at $44.76 on Friday. PotlatchDeltic Co. has a 1-year low of $41.31 and a 1-year high of $54.44. The stock’s fifty day simple moving average is $47.05 and its 200 day simple moving average is $46.86. The company has a current ratio of 1.44, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.58 billion, a PE ratio of 58.13 and a beta of 1.16.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.02%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 233.77%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TheStreet cut PotlatchDeltic from a “b-” rating to a “c” rating in a report on Monday, October 30th. Raymond James cut PotlatchDeltic from a “strong-buy” rating to a “market perform” rating in a research note on Monday, November 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $48.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 31st. Truist Financial dropped their price objective on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, January 31st. Finally, StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.33.

View Our Latest Analysis on PotlatchDeltic

About PotlatchDeltic

(Free Report)

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.

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Institutional Ownership by Quarter for PotlatchDeltic (NASDAQ:PCH)

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