Farther Finance Advisors LLC Reduces Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Farther Finance Advisors LLC lowered its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 68.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,482 shares of the real estate investment trust’s stock after selling 3,199 shares during the period. Farther Finance Advisors LLC’s holdings in PotlatchDeltic were worth $67,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of PotlatchDeltic by 370.7% in the first quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 556 shares during the period. Independence Bank of Kentucky bought a new position in PotlatchDeltic during the second quarter worth about $51,000. Beach Investment Counsel Inc. PA purchased a new position in shares of PotlatchDeltic in the second quarter worth about $59,000. Quarry LP bought a new stake in shares of PotlatchDeltic in the second quarter valued at approximately $82,000. Finally, Quest Partners LLC purchased a new stake in shares of PotlatchDeltic during the 2nd quarter valued at approximately $85,000. Institutional investors own 86.06% of the company’s stock.

Wall Street Analysts Forecast Growth

PCH has been the topic of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday, October 30th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a report on Thursday, September 12th. Finally, Truist Financial increased their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.67.

PotlatchDeltic Price Performance

NASDAQ:PCH opened at $41.31 on Wednesday. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 196.71 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 stock has a fifty day moving average of $43.42 and a 200 day moving average of $42.26. PotlatchDeltic Co. has a 52-week low of $37.06 and a 52-week high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. The company had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. PotlatchDeltic’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. On average, research analysts expect that PotlatchDeltic Co. will post 0.15 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s dividend payout ratio (DPR) is currently 857.14%.

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.