International Assets Investment Management LLC Has $905,000 Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

International Assets Investment Management LLC boosted its position in PotlatchDeltic Co. (NASDAQ:PCH) by 4,404.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,092 shares of the real estate investment trust’s stock after buying an additional 19,646 shares during the quarter. International Assets Investment Management LLC’s holdings in PotlatchDeltic were worth $905,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of PotlatchDeltic by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 71,193 shares of the real estate investment trust’s stock valued at $3,347,000 after buying an additional 4,559 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of PotlatchDeltic by 39.0% in the first quarter. BNP Paribas Financial Markets now owns 79,647 shares of the real estate investment trust’s stock valued at $3,745,000 after buying an additional 22,331 shares during the last quarter. Texas Permanent School Fund Corp lifted its position in shares of PotlatchDeltic by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 69,459 shares of the real estate investment trust’s stock worth $3,266,000 after purchasing an additional 900 shares in the last quarter. Duality Advisers LP bought a new position in PotlatchDeltic in the 1st quarter valued at $807,000. Finally, SG Americas Securities LLC lifted its stake in shares of PotlatchDeltic by 79.5% during the first quarter. SG Americas Securities LLC now owns 22,148 shares of the real estate investment trust’s stock valued at $1,041,000 after acquiring an additional 9,811 shares during the period. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $42.45 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $50.04. The company has a market capitalization of $3.35 billion, a P/E ratio of 202.14 and a beta of 1.14. The firm has a 50-day moving average price of $43.56 and a two-hundred day moving average price of $42.21.

PotlatchDeltic (NASDAQ:PCH) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.08. The firm had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. Analysts anticipate that PotlatchDeltic Co. will post 0.05 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a yield of 4.24%. PotlatchDeltic’s dividend payout ratio (DPR) is currently 857.14%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. 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 report on Thursday, September 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Truist Financial boosted their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, StockNews.com lowered PotlatchDeltic from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, PotlatchDeltic presently has an average rating of “Hold” and a consensus target price of $48.67.

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.