PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by US Bancorp DE

US Bancorp DE lessened its stake in PotlatchDeltic Co. (NASDAQ:PCHGet Rating) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,703 shares of the real estate investment trust’s stock after selling 425 shares during the quarter. US Bancorp DE’s holdings in PotlatchDeltic were worth $644,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PCH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of PotlatchDeltic by 13.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,311 shares of the real estate investment trust’s stock valued at $1,335,000 after purchasing an additional 3,064 shares in the last quarter. BlackRock Inc. increased its stake in PotlatchDeltic by 3.0% during the 1st quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust’s stock worth $472,566,000 after buying an additional 258,490 shares in the last quarter. APG Asset Management N.V. increased its stake in PotlatchDeltic by 99.4% during the 1st quarter. APG Asset Management N.V. now owns 32,500 shares of the real estate investment trust’s stock worth $1,540,000 after buying an additional 16,200 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in PotlatchDeltic by 11.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,159 shares of the real estate investment trust’s stock worth $2,120,000 after buying an additional 4,003 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in PotlatchDeltic by 7.3% during the 1st quarter. Yousif Capital Management LLC now owns 37,230 shares of the real estate investment trust’s stock worth $1,963,000 after buying an additional 2,546 shares in the last quarter. Hedge funds and other institutional investors own 80.36% of the company’s stock.

PotlatchDeltic Trading Up 3.4 %

PCH opened at $45.93 on Friday. PotlatchDeltic Co. has a one year low of $39.10 and a one year high of $58.13. The stock has a market capitalization of $3.71 billion, a PE ratio of 8.68 and a beta of 1.14. The business’s 50 day moving average price is $45.70 and its 200 day moving average price is $45.49. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.59 and a current ratio of 3.99.

PotlatchDeltic (NASDAQ:PCHGet Rating) last released its quarterly earnings data on Monday, October 24th. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. PotlatchDeltic had a return on equity of 20.34% and a net margin of 27.84%. The firm had revenue of $306.69 million for the quarter, compared to analysts’ expectations of $298.09 million. During the same period in the prior year, the firm posted $0.92 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, equities research analysts expect that PotlatchDeltic Co. will post 4.94 EPS for the current year.

PotlatchDeltic Cuts Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, December 30th. Investors of record on Wednesday, December 21st were issued a $0.95 dividend. This represents a yield of 4%. The ex-dividend date was Tuesday, December 20th. PotlatchDeltic’s dividend payout ratio is presently 34.03%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PCH. Royal Bank of Canada upgraded PotlatchDeltic from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $50.00 to $55.00 in a research note on Tuesday, October 18th. DA Davidson cut their price objective on PotlatchDeltic to $57.00 in a research note on Thursday, October 27th. StockNews.com assumed coverage on PotlatchDeltic in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Bank of America boosted their target price on PotlatchDeltic from $53.00 to $55.00 in a report on Thursday, October 13th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, PotlatchDeltic has a consensus rating of “Moderate Buy” and a consensus price target of $56.60.

About PotlatchDeltic

(Get Rating)

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns 1.8 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. 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.

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Institutional Ownership by Quarter for PotlatchDeltic (NASDAQ:PCH)

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