PotlatchDeltic Co. (NASDAQ:PCH) Shares Acquired by Fmr LLC

Fmr LLC increased its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 20.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,329 shares of the real estate investment trust’s stock after acquiring an additional 733 shares during the period. Fmr LLC’s holdings in PotlatchDeltic were worth $195,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new stake in PotlatchDeltic during the 2nd quarter worth approximately $51,000. Quarry LP acquired a new stake in shares of PotlatchDeltic in the second quarter valued at $82,000. Quest Partners LLC purchased a new position in PotlatchDeltic in the second quarter valued at $85,000. ZWJ Investment Counsel Inc. purchased a new stake in PotlatchDeltic during the 3rd quarter worth about $219,000. Finally, Headlands Technologies LLC acquired a new stake in PotlatchDeltic in the 2nd quarter valued at about $248,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PCH. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Friday, December 6th. Truist Financial lifted their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Finally, Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.25.

PotlatchDeltic Trading Up 0.9 %

NASDAQ PCH opened at $38.75 on Friday. 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 $3.05 billion, a price-to-earnings ratio of 184.52 and a beta of 1.14. 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 firm’s fifty day moving average price is $42.59 and its 200 day moving average price is $42.26.

PotlatchDeltic (NASDAQ:PCH) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue was down 3.9% compared to the same quarter last year. On average, sell-side analysts expect that PotlatchDeltic Co. will post 0.15 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Monday, December 16th. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

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.