Janus Henderson Group PLC reduced its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 17.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 778,559 shares of the real estate investment trust's stock after selling 166,599 shares during the period. Janus Henderson Group PLC owned 0.99% of PotlatchDeltic worth $35,074,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PCH. MQS Management LLC bought a new position in shares of PotlatchDeltic in the 3rd quarter valued at about $771,000. Renaissance Technologies LLC grew its stake in PotlatchDeltic by 2,054.5% in the second quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust's stock valued at $4,053,000 after purchasing an additional 98,123 shares in the last quarter. Quest Partners LLC increased its position in shares of PotlatchDeltic by 872.1% during the 3rd quarter. Quest Partners LLC now owns 20,997 shares of the real estate investment trust's stock worth $946,000 after purchasing an additional 18,837 shares during the last quarter. Foresight Group Ltd Liability Partnership raised its stake in shares of PotlatchDeltic by 72.7% during the 2nd quarter. Foresight Group Ltd Liability Partnership now owns 84,314 shares of the real estate investment trust's stock worth $3,321,000 after purchasing an additional 35,494 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of PotlatchDeltic by 4,404.9% during the 3rd quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust's stock worth $905,000 after purchasing an additional 19,646 shares in the last quarter. 86.06% of the stock is owned by institutional investors.
PotlatchDeltic Stock Performance
Shares of NASDAQ:PCH traded up $0.52 during trading on Friday, reaching $44.27. 462,385 shares of the stock were exchanged, compared to its average volume of 352,826. PotlatchDeltic Co. has a 12 month low of $37.06 and a 12 month high of $50.04. The stock has a 50-day moving average price of $43.01 and a 200-day moving average price of $42.33. 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 firm has a market cap of $3.49 billion, a PE ratio of 210.81 and a beta of 1.14.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. The business had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. Research analysts expect that PotlatchDeltic Co. will post 0.15 EPS for the current fiscal year.
PotlatchDeltic Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.07%. PotlatchDeltic's dividend payout ratio is 857.14%.
Analyst Ratings Changes
Several equities analysts recently weighed in on PCH shares. BMO Capital Markets raised 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 note on Friday. Bank of America upgraded shares of PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 price objective on the stock in a research note on Thursday, September 12th. Royal Bank of Canada reiterated an "outperform" rating and issued a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th. Finally, Truist Financial raised their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.25.
View Our Latest Stock Report on PCH
PotlatchDeltic Profile
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Free Report)
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.
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