PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its position in PotlatchDeltic Co. (NASDAQ:PCH) by 77.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,135 shares of the real estate investment trust’s stock after selling 7,398 shares during the period. Blue Trust Inc.’s holdings in PotlatchDeltic were worth $96,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of PCH. Russell Investments Group Ltd. raised its holdings in PotlatchDeltic by 353.2% in the 1st quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust’s stock valued at $21,394,000 after acquiring an additional 354,616 shares during the last quarter. Sei Investments Co. lifted its holdings in PotlatchDeltic by 47.7% during the 1st quarter. Sei Investments Co. now owns 119,049 shares of the real estate investment trust’s stock worth $5,598,000 after buying an additional 38,461 shares in the last quarter. Vanguard Group Inc. lifted its holdings in PotlatchDeltic by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock worth $551,844,000 after buying an additional 57,237 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in PotlatchDeltic by 2,054.5% during the 2nd quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after buying an additional 98,123 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in PotlatchDeltic by 327.6% during the 1st quarter. Edgestream Partners L.P. now owns 54,146 shares of the real estate investment trust’s stock worth $2,546,000 after buying an additional 41,483 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PCH. Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Thursday, September 12th. Royal Bank of Canada raised their price objective on shares of PotlatchDeltic from $46.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Finally, Truist Financial raised their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, PotlatchDeltic currently has a consensus rating of “Hold” and a consensus price target of $48.67.

PotlatchDeltic Trading Down 4.2 %

Shares of PotlatchDeltic stock opened at $40.52 on Wednesday. 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 0.41, a quick ratio of 1.00 and a current ratio of 1.29. The company has a market capitalization of $3.20 billion, a P/E ratio of 88.09 and a beta of 1.13. The company’s fifty day moving average is $43.58 and its two-hundred day moving average is $42.22.

PotlatchDeltic (NASDAQ:PCH) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.08. The business had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Analysts forecast that PotlatchDeltic Co. will post 0.01 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s payout ratio is 391.31%.

PotlatchDeltic Company 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.