UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $13.92 Million Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 29.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 308,946 shares of the real estate investment trust's stock after buying an additional 69,887 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.39% of PotlatchDeltic worth $13,918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Independence Bank of Kentucky acquired a new position in PotlatchDeltic during the 2nd quarter valued at about $51,000. Quarry LP bought a new position in shares of PotlatchDeltic in the second quarter valued at approximately $82,000. Quest Partners LLC acquired a new position in shares of PotlatchDeltic during the second quarter valued at approximately $85,000. FMR LLC raised its holdings in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 733 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in PotlatchDeltic in the first quarter worth approximately $203,000. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Trading Up 1.2 %

Shares of PotlatchDeltic stock traded up $0.52 during trading on Friday, hitting $44.27. The stock had a trading volume of 462,385 shares, compared to its average volume of 352,826. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $50.04. The stock has a 50 day simple moving average of $43.01 and a 200 day simple moving average of $42.33. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.49 billion, a PE ratio of 210.81 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, topping the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm had revenue of $255.10 million for the quarter, compared to analysts' expectations of $241.35 million. During the same period in the previous year, the company posted $0.14 EPS. The company's quarterly revenue was down 3.9% compared to the same quarter last year. On average, research analysts expect that PotlatchDeltic Co. will post 0.15 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.07%. PotlatchDeltic's payout ratio is presently 857.14%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. BMO Capital Markets upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price target on the stock in a research report on Friday. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Truist Financial raised their target price on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Finally, Bank of America upgraded PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 price objective for the company in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.25.

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.