Natixis Advisors LLC Boosts Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Natixis Advisors LLC raised its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 28.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 20,854 shares of the real estate investment trust’s stock after purchasing an additional 4,633 shares during the period. Natixis Advisors LLC’s holdings in PotlatchDeltic were worth $939,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. MQS Management LLC purchased a new position in PotlatchDeltic during the 3rd quarter valued at about $771,000. Renaissance Technologies LLC increased its position in PotlatchDeltic by 2,054.5% during the 2nd quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock valued at $4,053,000 after purchasing an additional 98,123 shares during the period. Foresight Group Ltd Liability Partnership increased its position in PotlatchDeltic by 72.7% during the 2nd quarter. Foresight Group Ltd Liability Partnership now owns 84,314 shares of the real estate investment trust’s stock valued at $3,321,000 after purchasing an additional 35,494 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of PotlatchDeltic by 4,404.9% in the 3rd quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock valued at $905,000 after buying an additional 19,646 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of PotlatchDeltic by 73.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 154,568 shares of the real estate investment trust’s stock valued at $6,963,000 after buying an additional 65,682 shares in the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Stock Up 0.7 %

PCH stock opened at $44.85 on Thursday. The firm has a 50 day moving average of $43.19 and a 200 day moving average of $42.30. The stock has a market capitalization of $3.53 billion, a PE ratio of 213.57 and a beta of 1.14. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The company 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%. PotlatchDeltic’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the business earned $0.14 EPS. Sell-side analysts forecast that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.