Point72 Asia Singapore Pte. Ltd. Takes $890,000 Position in PotlatchDeltic Co. (NASDAQ:PCH)

Point72 Asia Singapore Pte. Ltd. acquired a new position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,757 shares of the real estate investment trust's stock, valued at approximately $890,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MQS Management LLC bought a new stake in PotlatchDeltic during the third quarter valued at about $771,000. Renaissance Technologies LLC raised 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 acquiring an additional 98,123 shares during the period. Foresight Group Ltd Liability Partnership boosted its position in shares of 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 worth $3,321,000 after purchasing an additional 35,494 shares during the period. Quest Partners LLC increased its stake in shares of PotlatchDeltic by 872.1% in the third 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 in the last quarter. Finally, International Assets Investment Management LLC raised its position 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 valued at $905,000 after purchasing an additional 19,646 shares during the period. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Trading Down 1.4 %

PCH traded down $0.63 on Monday, hitting $44.21. The company had a trading volume of 119,838 shares, compared to its average volume of 431,154. The business's fifty day simple moving average is $43.13 and its 200 day simple moving average is $42.31. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $50.04. The company has a market cap of $3.48 billion, a PE ratio of 213.52 and a beta of 1.14.

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 analysts' consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The business had revenue of $255.10 million for the quarter, compared to analysts' expectations of $241.35 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. The business's revenue was down 3.9% compared to the same quarter last year. Equities research analysts expect that PotlatchDeltic Co. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

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

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.