PotlatchDeltic Co. (NASDAQ:PCH) Shares Purchased by Rock Point Advisors LLC

Rock Point Advisors LLC boosted its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 0.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,071 shares of the real estate investment trust’s stock after purchasing an additional 805 shares during the period. Rock Point Advisors LLC’s holdings in PotlatchDeltic were worth $4,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. grew its holdings in PotlatchDeltic by 3.6% in the second quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust’s stock valued at $65,554,000 after purchasing an additional 58,111 shares during the period. Janus Henderson Group PLC increased its holdings in PotlatchDeltic by 19.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock worth $61,913,000 after acquiring an additional 212,121 shares in the last quarter. Deprince Race & Zollo Inc. raised its position in PotlatchDeltic by 33.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock worth $48,346,000 after acquiring an additional 304,352 shares during the period. Curi RMB Capital LLC lifted its holdings in PotlatchDeltic by 0.5% during the third quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock valued at $15,122,000 after purchasing an additional 1,578 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of PotlatchDeltic by 0.7% in the second quarter. Rhumbline Advisers now owns 295,936 shares of the real estate investment trust’s stock valued at $11,657,000 after purchasing an additional 2,135 shares during the period. 86.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PCH shares. Truist Financial increased their target price on PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, September 12th. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $48.67.

PotlatchDeltic Stock Down 0.4 %

Shares of PCH stock traded down $0.18 during trading on Tuesday, reaching $44.54. The company’s stock had a trading volume of 18,109 shares, compared to its average volume of 431,382. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 212.95 and a beta of 1.14. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $50.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. The stock’s 50-day moving average price is $43.22 and its 200 day moving average price is $42.29.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. During the same period in the prior year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, research analysts anticipate that PotlatchDeltic Co. will post 0.15 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.04%. The ex-dividend date was Friday, September 13th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

About PotlatchDeltic

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.