Bernzott Capital Advisors Cuts Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Bernzott Capital Advisors reduced its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 11.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 165,475 shares of the real estate investment trust's stock after selling 22,031 shares during the period. PotlatchDeltic makes up 3.2% of Bernzott Capital Advisors' portfolio, making the stock its 12th largest holding. Bernzott Capital Advisors owned approximately 0.21% of PotlatchDeltic worth $6,495,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PCH. Oppenheimer Asset Management Inc. increased its holdings in shares of PotlatchDeltic by 60.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,414 shares of the real estate investment trust's stock valued at $292,000 after acquiring an additional 2,799 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of PotlatchDeltic in the 2nd quarter worth $1,479,000. Renaissance Technologies LLC grew its stake in 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 worth $4,053,000 after buying an additional 98,123 shares during the last quarter. Moors & Cabot Inc. increased its position in PotlatchDeltic by 7.1% during the 2nd quarter. Moors & Cabot Inc. now owns 13,189 shares of the real estate investment trust's stock valued at $520,000 after buying an additional 871 shares in the last quarter. Finally, Foresight Group Ltd Liability Partnership raised its stake in PotlatchDeltic by 72.7% in the second quarter. Foresight Group Ltd Liability Partnership now owns 84,314 shares of the real estate investment trust's stock valued at $3,321,000 after buying an additional 35,494 shares during the last quarter. Institutional investors own 86.06% of the company's stock.

Analyst Ratings Changes

PCH has been the topic of a number of research reports. Truist Financial cut their price objective on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Raymond James upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a report on Monday, December 23rd. 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 report on Friday, December 6th. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Citigroup cut their price objective on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $47.83.

PotlatchDeltic Stock Up 1.2 %

NASDAQ:PCH traded up $0.49 during midday trading on Friday, hitting $42.32. 354,506 shares of the company were exchanged, compared to its average volume of 410,037. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $48.08. The company has a market capitalization of $3.33 billion, a PE ratio of 201.52 and a beta of 1.16. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $41.45 and a 200 day simple moving average of $42.11.

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, beating 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 firm had revenue of $255.10 million during the quarter, compared to analysts' expectations of $241.35 million. During the same period in the prior year, the firm earned $0.14 EPS. The business's revenue was down 3.9% on a year-over-year basis. As a group, equities analysts anticipate that PotlatchDeltic Co. will post 0.21 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.25%. The ex-dividend date was Monday, December 16th. PotlatchDeltic's dividend payout ratio is presently 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.