Credit Suisse AG Sells 997 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Credit Suisse AG lessened its position in PotlatchDeltic Co. (NASDAQ:PCH) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,534 shares of the real estate investment trust’s stock after selling 997 shares during the quarter. Credit Suisse AG owned 0.12% of PotlatchDeltic worth $4,877,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PCH. Carmel Capital Partners LLC bought a new position in PotlatchDeltic in the 1st quarter valued at $40,000. CENTRAL TRUST Co increased its stake in PotlatchDeltic by 46.7% in the 3rd quarter. CENTRAL TRUST Co now owns 1,281 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 408 shares during the period. Kistler Tiffany Companies LLC lifted its holdings in PotlatchDeltic by 115.5% during the 1st quarter. Kistler Tiffany Companies LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 790 shares in the last quarter. SG Americas Securities LLC purchased a new stake in PotlatchDeltic in the 4th quarter valued at about $117,000. Finally, Inspire Advisors LLC bought a new position in PotlatchDeltic in the 1st quarter worth about $204,000. 85.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on PCH. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of PotlatchDeltic in a research note on Wednesday, June 28th. SpectralCast reiterated a “maintains” rating on shares of PotlatchDeltic in a report on Wednesday, June 28th. StockNews.com started coverage on shares of PotlatchDeltic in a research report on Thursday, August 17th. They set a “sell” rating on the stock. Royal Bank of Canada cut shares of PotlatchDeltic from an “outperform” rating to a “sector perform” rating and set a $55.00 price target for the company. in a research report on Wednesday, July 19th. Finally, Bank of America lifted their price objective on shares of PotlatchDeltic from $50.00 to $57.00 in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.50.

PotlatchDeltic Stock Down 0.2 %

NASDAQ:PCH opened at $48.46 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.99 and a current ratio of 3.49. The stock has a market capitalization of $3.87 billion, a P/E ratio of 41.42 and a beta of 1.23. The company’s 50-day simple moving average is $51.29 and its 200-day simple moving average is $48.85. PotlatchDeltic Co. has a fifty-two week low of $39.10 and a fifty-two week high of $54.44.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). PotlatchDeltic had a net margin of 8.31% and a return on equity of 3.78%. The firm had revenue of $246.10 million during the quarter, compared to analyst estimates of $236.30 million. During the same quarter last year, the business earned $1.61 earnings per share. PotlatchDeltic’s revenue was down 31.6% on a year-over-year basis. On average, equities analysts anticipate that PotlatchDeltic Co. will post 0.81 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.71%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 153.85%.

PotlatchDeltic Profile

PotlatchDeltic (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.