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

Invictus Private Wealth LLC trimmed its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 29.1% in the 3rd quarter, Holdings Channel reports. The fund owned 29,450 shares of the real estate investment trust’s stock after selling 12,100 shares during the quarter. Invictus Private Wealth LLC’s holdings in PotlatchDeltic were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PCH. Russell Investments Group Ltd. raised its stake in shares of PotlatchDeltic by 353.2% in the first quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust’s stock valued at $21,394,000 after purchasing an additional 354,616 shares in the last quarter. Sei Investments Co. raised its stake in shares of PotlatchDeltic by 47.7% in the first quarter. Sei Investments Co. now owns 119,049 shares of the real estate investment trust’s stock valued at $5,598,000 after purchasing an additional 38,461 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of PotlatchDeltic by 0.5% in the first quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock valued at $551,844,000 after purchasing an additional 57,237 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of PotlatchDeltic by 2,054.5% in the second quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock valued at $4,053,000 after purchasing an additional 98,123 shares in the last quarter. Finally, Edgestream Partners L.P. raised its stake in shares of PotlatchDeltic by 327.6% in the first quarter. Edgestream Partners L.P. now owns 54,146 shares of the real estate investment trust’s stock valued at $2,546,000 after purchasing an additional 41,483 shares in the last quarter. 86.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on PCH. 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 note on Thursday, September 12th. Truist Financial increased their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. StockNews.com lowered PotlatchDeltic from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, PotlatchDeltic presently has a consensus rating of “Hold” and an average price target of $48.67.

PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH opened at $42.30 on Wednesday. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $50.04. The firm has a market cap of $3.34 billion, a PE ratio of 201.43 and a beta of 1.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.24. The business has a fifty day moving average of $43.53 and a 200-day moving average of $42.23.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results 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 return on equity of 0.78% and a net margin of 1.56%. The company had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. During the same period last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts predict that PotlatchDeltic Co. will post 0.11 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The firm also recently announced 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 4.26%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 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.