Segall Bryant & Hamill LLC Invests $2.16 Million in PotlatchDeltic Co. (NASDAQ:PCH)

Segall Bryant & Hamill LLC bought a new stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 48,000 shares of the real estate investment trust's stock, valued at approximately $2,162,000. Segall Bryant & Hamill LLC owned about 0.06% of PotlatchDeltic as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quest Partners LLC increased its holdings in shares of PotlatchDeltic by 872.1% during the 3rd quarter. Quest Partners LLC now owns 20,997 shares of the real estate investment trust's stock worth $946,000 after buying an additional 18,837 shares during the last quarter. AMG National Trust Bank increased its stake in PotlatchDeltic by 3.6% during the third quarter. AMG National Trust Bank now owns 36,461 shares of the real estate investment trust's stock worth $1,643,000 after acquiring an additional 1,261 shares during the last quarter. Natixis Advisors LLC increased its stake in PotlatchDeltic by 28.6% during the third quarter. Natixis Advisors LLC now owns 20,854 shares of the real estate investment trust's stock worth $939,000 after acquiring an additional 4,633 shares during the last quarter. Curi RMB Capital LLC raised its position in PotlatchDeltic by 0.5% in 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 purchasing an additional 1,578 shares during the period. Finally, Saturna Capital Corp lifted its stake in shares of PotlatchDeltic by 3.7% in the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust's stock valued at $452,000 after purchasing an additional 356 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

PotlatchDeltic Price Performance

PCH traded up $1.37 during trading on Friday, reaching $43.09. 382,299 shares of the stock were exchanged, compared to its average volume of 411,293. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 205.19 and a beta of 1.14. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $50.04. The business's 50 day moving average price is $43.23 and its two-hundred day moving average price is $42.28.

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 the consensus estimate of ($0.04) by $0.08. The business had revenue of $255.10 million for the quarter, compared to the consensus estimate 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 prior year, the business earned $0.14 earnings per share. As a group, equities research analysts anticipate that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 annualized dividend and a yield of 4.18%. PotlatchDeltic's dividend payout ratio is presently 857.14%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Bank of America upgraded shares of PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 price target for the company in a report on Thursday, September 12th. Finally, Truist Financial raised their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a "hold" rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $48.67.

About PotlatchDeltic

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.