PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 5.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,860 shares of the real estate investment trust’s stock after selling 543 shares during the period. Stifel Financial Corp’s holdings in PotlatchDeltic were worth $399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PCH. Quarry LP acquired a new position in PotlatchDeltic during the second quarter worth $82,000. Quest Partners LLC purchased a new stake in shares of PotlatchDeltic during the second quarter worth about $85,000. Systematic Financial Management LP acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth about $166,000. FMR LLC raised its position in shares of PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 733 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. purchased a new position in PotlatchDeltic in the 3rd quarter valued at about $219,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $38.88 on Friday. 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 $3.06 billion, a P/E ratio of 185.14 and a beta of 1.14. The stock has a 50-day moving average of $42.15 and a two-hundred day moving average of $42.16. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The firm had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. 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 business posted $0.14 earnings per share. As a group, analysts anticipate that PotlatchDeltic Co. will post 0.15 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Monday, December 16th. PotlatchDeltic’s payout ratio is presently 857.14%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a report on Thursday, September 12th. Truist Financial increased their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Friday, December 6th. Finally, Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research report on Monday, December 23rd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.40.

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.