Invictus Private Wealth LLC Sells 12,100 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Invictus Private Wealth LLC lessened its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 29.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,450 shares of the real estate investment trust's stock after selling 12,100 shares during the period. Invictus Private Wealth LLC's holdings in PotlatchDeltic were worth $1,327,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in shares of PotlatchDeltic by 370.7% in the 1st quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 556 shares during the last quarter. Independence Bank of Kentucky bought a new position in PotlatchDeltic in the 2nd quarter worth approximately $51,000. Beach Investment Counsel Inc. PA acquired a new stake in PotlatchDeltic in the 2nd quarter valued at approximately $59,000. Quarry LP acquired a new position in PotlatchDeltic during the 2nd quarter worth $82,000. Finally, Quest Partners LLC acquired a new position in shares of PotlatchDeltic during the second quarter valued at $85,000. Institutional investors own 86.06% of the company's stock.

Wall Street Analyst Weigh In

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

PotlatchDeltic Stock Down 0.2 %

NASDAQ:PCH traded down $0.07 on Wednesday, hitting $42.23. 343,141 shares of the company's stock traded hands, compared to its average volume of 434,176. 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 $3.33 billion, a PE ratio of 200.71 and a beta of 1.14. The firm has a 50-day moving average price of $43.53 and a 200-day moving average price of $42.23. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $50.04.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million during 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 last year, the business earned $0.14 earnings per share. Equities analysts anticipate that PotlatchDeltic Co. will post 0.11 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors 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 dividend payout ratio is currently 857.14%.

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.