Segall Bryant & Hamill LLC Buys New Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Segall Bryant & Hamill LLC purchased a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,000 shares of the real estate investment trust’s stock, valued at approximately $2,162,000. Segall Bryant & Hamill LLC owned approximately 0.06% of PotlatchDeltic as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PCH. MQS Management LLC purchased a new position in shares of PotlatchDeltic in the third quarter valued at approximately $771,000. Vanguard Group Inc. boosted its position in PotlatchDeltic by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock valued at $551,844,000 after buying an additional 57,237 shares during the period. Renaissance Technologies LLC grew its stake in shares of PotlatchDeltic by 2,054.5% in the second quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after acquiring an additional 98,123 shares in the last quarter. Foresight Group Ltd Liability Partnership increased its position in shares of PotlatchDeltic by 72.7% during the second quarter. Foresight Group Ltd Liability Partnership now owns 84,314 shares of the real estate investment trust’s stock worth $3,321,000 after acquiring an additional 35,494 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of PotlatchDeltic by 4,404.9% in the third quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock valued at $905,000 after acquiring an additional 19,646 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Stock Up 3.3 %

Shares of NASDAQ:PCH opened at $43.09 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $43.23 and a 200-day simple moving average of $42.28. The company has a market capitalization of $3.39 billion, a PE ratio of 205.19 and a beta of 1.14. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $50.04.

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

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Friday, September 13th. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

Analyst Ratings Changes

A number of analysts recently weighed in on PCH shares. Truist Financial upped their target price on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. 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 research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $48.67.

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.