International Assets Investment Management LLC Boosts Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

International Assets Investment Management LLC raised its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 4,404.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,092 shares of the real estate investment trust's stock after purchasing an additional 19,646 shares during the quarter. International Assets Investment Management LLC's holdings in PotlatchDeltic were worth $905,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Mackenzie Financial Corp lifted its holdings in shares of PotlatchDeltic by 3.3% in the second quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust's stock valued at $356,000 after purchasing an additional 286 shares in the last quarter. Arizona State Retirement System grew its stake in shares of PotlatchDeltic by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 22,256 shares of the real estate investment trust's stock valued at $877,000 after buying an additional 445 shares in the last quarter. Bessemer Group Inc. increased its holdings in PotlatchDeltic by 370.7% in the first quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust's stock worth $33,000 after buying an additional 556 shares during the last quarter. Azzad Asset Management Inc. ADV raised its position in PotlatchDeltic by 3.6% during the third quarter. Azzad Asset Management Inc. ADV now owns 16,456 shares of the real estate investment trust's stock valued at $741,000 after acquiring an additional 570 shares in the last quarter. Finally, Accordant Advisory Group Inc lifted its position in shares of PotlatchDeltic by 1.2% in the second quarter. Accordant Advisory Group Inc now owns 54,852 shares of the real estate investment trust's stock worth $2,161,000 after buying an additional 627 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Bank of America upgraded shares of PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 price target on the stock in a research note on Thursday, September 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Truist Financial raised their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. Finally, StockNews.com lowered PotlatchDeltic from a "hold" rating to a "sell" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, PotlatchDeltic presently has a consensus rating of "Hold" and a consensus target price of $48.67.

PotlatchDeltic Stock Down 0.4 %

Shares of NASDAQ PCH traded down $0.15 during mid-day trading on Tuesday, reaching $42.30. 353,459 shares of the company's stock traded hands, compared to its average volume of 434,722. 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 Co. has a 1-year low of $37.06 and a 1-year high of $50.04. The stock has a market cap of $3.34 billion, a P/E ratio of 202.10 and a beta of 1.14. The business has a 50-day simple moving average of $43.54 and a 200 day simple moving average of $42.22.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. The business had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. PotlatchDeltic's revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.14 EPS. On average, analysts expect that PotlatchDeltic Co. will post 0.11 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic's payout ratio is 857.14%.

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.