130,483 Shares in PotlatchDeltic Co. (NASDAQ:PCH) Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC acquired a new position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 130,483 shares of the real estate investment trust's stock, valued at approximately $5,878,000. NFJ Investment Group LLC owned approximately 0.17% of PotlatchDeltic as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westwood Holdings Group Inc. grew its stake in shares of PotlatchDeltic by 3.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust's stock valued at $65,554,000 after buying an additional 58,111 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in shares of PotlatchDeltic by 33.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust's stock valued at $48,346,000 after buying an additional 304,352 shares during the last quarter. Adelante Capital Management LLC grew its stake in shares of PotlatchDeltic by 3,486.3% during the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust's stock valued at $51,684,000 after buying an additional 1,115,272 shares during the last quarter. Curi RMB Capital LLC grew its stake in shares of PotlatchDeltic by 0.5% during the third quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust's stock valued at $15,122,000 after buying an additional 1,578 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of PotlatchDeltic by 29.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust's stock valued at $13,918,000 after buying an additional 69,887 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. 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 target price on PotlatchDeltic from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Tuesday, October 15th. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Finally, Bank of America raised PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 target price on the stock in a research note on Thursday, September 12th.

PotlatchDeltic Stock Down 1.0 %

PotlatchDeltic stock traded down $0.42 during trading hours on Wednesday, hitting $43.61. 96,379 shares of the stock traded hands, compared to its average volume of 429,566. The firm's 50-day moving average price is $43.08 and its two-hundred day moving average price is $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 $3.43 billion, a PE ratio of 209.67 and a beta of 1.14. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $50.04.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.08. The business had revenue of $255.10 million for the quarter, compared to analysts' expectations of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business's revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. On average, research analysts forecast that PotlatchDeltic Co. will post 0.15 EPS for the current year.

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.