Barclays PLC Has $7.38 Million Position in PotlatchDeltic Co. (NASDAQ:PCH)

Barclays PLC lifted its position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 147.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 163,784 shares of the real estate investment trust's stock after buying an additional 97,655 shares during the quarter. Barclays PLC owned approximately 0.21% of PotlatchDeltic worth $7,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Independence Bank of Kentucky acquired a new position in PotlatchDeltic in the second quarter valued at $51,000. Quarry LP purchased a new stake in shares of PotlatchDeltic during the 2nd quarter worth approximately $82,000. Quest Partners LLC purchased a new position in PotlatchDeltic in the 2nd quarter valued at approximately $85,000. Systematic Financial Management LP purchased a new stake in PotlatchDeltic during the third quarter worth $166,000. Finally, FMR LLC boosted its position in PotlatchDeltic by 20.4% during the third 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 in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock traded down $0.63 during trading on Thursday, hitting $38.40. The stock had a trading volume of 554,497 shares, compared to its average volume of 428,808. The business has a fifty day moving average of $42.75 and a two-hundred day moving average of $42.31. The firm has a market cap of $3.02 billion, a P/E ratio of 182.86 and a beta of 1.14. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $50.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. PotlatchDeltic's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date is Monday, December 16th. PotlatchDeltic's dividend payout ratio (DPR) is presently 857.14%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. 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. Truist Financial increased their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a "hold" rating in a report 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 raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 target price on the stock in a research report on Friday, December 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $49.25.

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.