Quest Partners LLC boosted its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 872.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,997 shares of the real estate investment trust's stock after buying an additional 18,837 shares during the quarter. Quest Partners LLC's holdings in PotlatchDeltic were worth $946,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in 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 in the last quarter. Independence Bank of Kentucky acquired a new position in shares of PotlatchDeltic in the 2nd quarter valued at $51,000. Beach Investment Counsel Inc. PA purchased a new position in PotlatchDeltic during the 2nd quarter worth $59,000. Quarry LP purchased a new position in shares of PotlatchDeltic in the 2nd quarter valued at about $82,000. Finally, Park Place Capital Corp acquired a new stake in PotlatchDeltic in the second quarter valued at $105,000. Hedge funds and other institutional investors own 86.06% of the company's stock.
Wall Street Analysts Forecast Growth
PCH has been the topic of a number of research analyst reports. Truist Financial lifted 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 objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $48.67.
Check Out Our Latest Analysis on PCH
PotlatchDeltic Stock Performance
Shares of NASDAQ PCH traded down $0.23 during trading hours on Thursday, hitting $41.35. 51,406 shares of the company's stock were exchanged, compared to its average volume of 430,385. 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 company's 50-day moving average price is $43.34 and its 200-day moving average price is $42.28. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 198.00 and a beta of 1.14.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm's revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. On average, sell-side analysts expect that PotlatchDeltic Co. will post 0.15 earnings per share for the current fiscal year.
PotlatchDeltic Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.35%. PotlatchDeltic's dividend payout ratio (DPR) is presently 857.14%.
About PotlatchDeltic
(
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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