PotlatchDeltic Co. (NASDAQ:PCH) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 76.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,998 shares of the real estate investment trust’s stock after buying an additional 30,706 shares during the period. BNP Paribas Financial Markets’ holdings in PotlatchDeltic were worth $3,198,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PCH. Westwood Holdings Group Inc. boosted its stake in shares of PotlatchDeltic by 3.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust’s stock worth $65,554,000 after purchasing an additional 58,111 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in shares of PotlatchDeltic by 33.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock worth $48,346,000 after purchasing an additional 304,352 shares during the period. Curi RMB Capital LLC increased its position in shares of PotlatchDeltic by 0.5% in the third quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock worth $15,122,000 after acquiring an additional 1,578 shares in the last quarter. Rhumbline Advisers raised its position in PotlatchDeltic by 0.7% in the second quarter. Rhumbline Advisers now owns 295,936 shares of the real estate investment trust’s stock valued at $11,657,000 after purchasing an additional 2,135 shares during the period. Finally, Fisher Asset Management LLC raised its holdings in shares of PotlatchDeltic by 6.1% during the 3rd quarter. Fisher Asset Management LLC now owns 226,035 shares of the real estate investment trust’s stock valued at $10,183,000 after buying an additional 13,006 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PCH has been the topic of a number of recent analyst reports. Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, September 12th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Finally, Truist Financial boosted 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.

PotlatchDeltic Stock Up 0.2 %

PotlatchDeltic stock opened at $43.75 on Friday. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $50.04. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 208.00 and a beta of 1.14. The company’s 50-day moving average price is $43.06 and its two-hundred day moving average price is $42.33. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results 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. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. During the same period in the previous year, the business earned $0.14 earnings per share. PotlatchDeltic’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, analysts expect that PotlatchDeltic Co. will post 0.15 EPS for the current fiscal year.

About PotlatchDeltic

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.