Azzad Asset Management Inc. ADV Purchases 570 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Azzad Asset Management Inc. ADV increased its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,456 shares of the real estate investment trust’s stock after buying an additional 570 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in PotlatchDeltic were worth $741,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in PotlatchDeltic by 370.7% in the first quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 556 shares during the last quarter. Independence Bank of Kentucky purchased a new stake in PotlatchDeltic in the second quarter worth $51,000. Beach Investment Counsel Inc. PA purchased a new stake in PotlatchDeltic in the second quarter worth $59,000. Quarry LP purchased a new stake in PotlatchDeltic in the second quarter worth $82,000. Finally, Quest Partners LLC purchased a new stake in PotlatchDeltic in the second quarter worth $85,000. 86.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Ashlee Townsend Cribb sold 4,114 shares of PotlatchDeltic stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $43.11, for a total value of $177,354.54. Following the transaction, the vice president now owns 29,039 shares in the company, valued at $1,251,871.29. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by insiders.

PotlatchDeltic Stock Performance

Shares of PotlatchDeltic stock opened at $43.60 on Wednesday. The firm has a market cap of $3.47 billion, a P/E ratio of 76.49 and a beta of 1.13. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. PotlatchDeltic Co. has a 12 month low of $37.06 and a 12 month high of $50.04. The stock’s fifty day moving average price is $43.37 and its 200-day moving average price is $42.54.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The firm had revenue of $320.70 million for the quarter, compared to analyst estimates of $305.01 million. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. On average, equities research analysts expect that PotlatchDeltic Co. will post 0.02 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.45 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.80 annualized dividend and a yield of 4.13%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 315.79%.

Wall Street Analyst Weigh In

PCH has been the topic of a number of recent analyst reports. Royal Bank of Canada increased their target price on PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Truist Financial reduced their target price on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th. Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Thursday, September 12th. Finally, StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $47.67.

PotlatchDeltic Profile

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.