Integrated Wealth Concepts LLC Sells 810 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Integrated Wealth Concepts LLC trimmed its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 2.9% in the third quarter, Holdings Channel reports. The fund owned 27,561 shares of the real estate investment trust’s stock after selling 810 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in PotlatchDeltic were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Westwood Holdings Group Inc. lifted its position in shares of PotlatchDeltic by 3.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust’s stock worth $65,554,000 after purchasing an additional 58,111 shares during the last quarter. Deprince Race & Zollo Inc. increased its position in PotlatchDeltic by 33.0% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock worth $48,346,000 after buying an additional 304,352 shares during the period. Adelante Capital Management LLC lifted its holdings in shares of PotlatchDeltic by 3,486.3% during the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock worth $51,684,000 after buying an additional 1,115,272 shares during the last quarter. Curi RMB Capital LLC lifted its holdings in shares of 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 worth $15,122,000 after buying an additional 1,578 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of PotlatchDeltic by 29.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust’s stock valued at $13,918,000 after acquiring an additional 69,887 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on PCH. Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, September 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research note on Friday. Truist Financial raised their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, PotlatchDeltic presently has an average rating of “Moderate Buy” and an average price target of $49.25.

PotlatchDeltic Stock Up 1.2 %

Shares of PCH opened at $44.27 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $43.01 and a two-hundred day moving average price of $42.32. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 210.81 and a beta of 1.14. PotlatchDeltic Co. has a 12 month low of $37.06 and a 12 month high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. During the same quarter last year, the company earned $0.14 EPS. PotlatchDeltic’s revenue was down 3.9% on a year-over-year basis. Equities analysts predict that PotlatchDeltic Co. will post 0.15 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.07%. PotlatchDeltic’s payout ratio is 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.