PotlatchDeltic Co. (NASDAQ:PCH) Stock Position Lifted by Fisher Asset Management LLC

Fisher Asset Management LLC increased its stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 6.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 226,035 shares of the real estate investment trust's stock after buying an additional 13,006 shares during the quarter. Fisher Asset Management LLC owned about 0.29% of PotlatchDeltic worth $10,183,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. grew its stake in shares of PotlatchDeltic by 370.7% in the first quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 556 shares in the last quarter. Independence Bank of Kentucky acquired a new stake in shares of PotlatchDeltic in the second quarter valued at about $51,000. Beach Investment Counsel Inc. PA acquired a new stake in shares of PotlatchDeltic in the second quarter valued at about $59,000. Quarry LP acquired a new stake in shares of PotlatchDeltic in the second quarter valued at about $82,000. Finally, Quest Partners LLC acquired a new stake in shares of PotlatchDeltic in the second quarter valued at about $85,000. Institutional investors and hedge funds own 86.06% of the company's stock.

PotlatchDeltic Stock Up 0.7 %

NASDAQ PCH traded up $0.33 during mid-day trading on Thursday, reaching $44.85. 311,011 shares of the company's stock traded hands, compared to its average volume of 433,371. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $50.04. The company has a fifty day simple moving average of $43.17 and a 200-day simple moving average of $42.32. 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 market cap of $3.53 billion, a price-to-earnings ratio of 213.57 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released 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 company had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. During the same quarter last year, the business posted $0.14 EPS. PotlatchDeltic's quarterly revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts expect that PotlatchDeltic Co. will post 0.15 EPS for the current year.

Analyst Upgrades and Downgrades

PCH has been the subject of a number of recent research reports. Truist Financial increased their target price on PotlatchDeltic from $42.00 to $45.00 and gave the company a "hold" rating in a research note on Tuesday, October 15th. Royal Bank of Canada restated an "outperform" rating and set a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Bank of America upgraded PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 price objective for the company in a research note on Thursday, September 12th. Finally, StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th.

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.