Thrivent Financial for Lutherans Has $767,000 Position in PotlatchDeltic Co. (NASDAQ:PCH)

Thrivent Financial for Lutherans cut its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 12.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,018 shares of the real estate investment trust’s stock after selling 2,341 shares during the quarter. Thrivent Financial for Lutherans’ holdings in PotlatchDeltic were worth $767,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. MQS Management LLC acquired a new stake in shares of PotlatchDeltic in the 3rd quarter valued at $771,000. Renaissance Technologies LLC increased its holdings in shares of 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 valued at $4,053,000 after acquiring an additional 98,123 shares during the last quarter. Foresight Group Ltd Liability Partnership lifted its holdings in PotlatchDeltic by 72.7% in the 2nd quarter. Foresight Group Ltd Liability Partnership now owns 84,314 shares of the real estate investment trust’s stock worth $3,321,000 after purchasing an additional 35,494 shares during the last quarter. International Assets Investment Management LLC boosted its position in PotlatchDeltic by 4,404.9% during the third quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock worth $905,000 after purchasing an additional 19,646 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in PotlatchDeltic by 73.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 154,568 shares of the real estate investment trust’s stock valued at $6,963,000 after purchasing an additional 65,682 shares during the last quarter. 86.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PCH has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. Truist Financial upped their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Bank of America upgraded 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.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock opened at $44.03 on Wednesday. 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 company has a market cap of $3.47 billion, a PE ratio of 209.67 and a beta of 1.14. The firm has a fifty day moving average price of $43.11 and a two-hundred day moving average price of $42.32. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $50.04.

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, beating the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The business had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $241.35 million. During the same quarter last year, the company earned $0.14 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. Analysts expect that PotlatchDeltic Co. will post 0.15 EPS for the current year.

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.