Heitman Real Estate Securities LLC Takes $8.15 Million Position in PotlatchDeltic Co. (NASDAQ:PCH)

Heitman Real Estate Securities LLC purchased a new stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 180,981 shares of the real estate investment trust’s stock, valued at approximately $8,153,000.

Other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. increased its holdings 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 during the last quarter. Deprince Race & Zollo Inc. grew its position in PotlatchDeltic by 33.0% in the second quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock worth $48,346,000 after acquiring an additional 304,352 shares in the last quarter. Adelante Capital Management LLC increased its stake in PotlatchDeltic by 3,486.3% during the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock worth $51,684,000 after acquiring an additional 1,115,272 shares during the last quarter. Curi RMB Capital LLC raised its position in PotlatchDeltic by 0.5% during 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in PotlatchDeltic by 29.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust’s stock worth $13,918,000 after buying an additional 69,887 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.

Analysts Set New Price Targets

PCH has been the topic of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Truist Financial boosted their target price on PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Finally, Bank of America upgraded 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.

PotlatchDeltic Price Performance

Shares of PCH opened at $44.16 on Tuesday. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $50.04. 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 firm has a market capitalization of $3.48 billion, a PE ratio of 210.29 and a beta of 1.14. The company’s fifty day moving average price is $43.13 and its 200-day moving average price is $42.31.

PotlatchDeltic (NASDAQ:PCH) last posted its earnings results 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 firm had revenue of $255.10 million during the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The business’s revenue was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.14 EPS. On average, equities research analysts predict that PotlatchDeltic Co. will post 0.15 EPS for the current year.

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.