PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. trimmed its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 11.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,994 shares of the real estate investment trust’s stock after selling 652 shares during the period. Wrapmanager Inc.’s holdings in PotlatchDeltic were worth $225,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in 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 acquiring an additional 57,237 shares during the period. Westwood Holdings Group Inc. boosted its position in shares of PotlatchDeltic by 3.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust’s stock worth $65,554,000 after buying an additional 58,111 shares in the last quarter. Janus Henderson Group PLC grew its stake in PotlatchDeltic by 19.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock valued at $61,913,000 after acquiring an additional 212,121 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in PotlatchDeltic by 33.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock valued at $48,346,000 after acquiring an additional 304,352 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in PotlatchDeltic by 2.2% during the first quarter. Clearbridge Investments LLC now owns 355,235 shares of the real estate investment trust’s stock worth $16,703,000 after acquiring an additional 7,643 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock opened at $41.66 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $50.04. The stock has a market capitalization of $3.28 billion, a P/E ratio of 198.38 and a beta of 1.14. The business’s fifty day moving average price is $43.35 and its 200 day moving average price is $42.29.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) 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 company had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. During the same period in the previous year, the firm earned $0.14 earnings per share. PotlatchDeltic’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, research analysts anticipate that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

Analyst Upgrades and Downgrades

PCH has been the topic of a number of analyst reports. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Bank of America raised shares of 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. Finally, Truist Financial raised their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.67.

PotlatchDeltic Company 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.