PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 10.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,016 shares of the real estate investment trust’s stock after selling 794 shares during the period. HighTower Advisors LLC’s holdings in PotlatchDeltic were worth $315,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Westwood Holdings Group Inc. grew its position in shares of PotlatchDeltic by 3.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust’s stock worth $65,554,000 after acquiring an additional 58,111 shares during the last quarter. Deprince Race & Zollo Inc. boosted its stake in 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. Adelante Capital Management LLC grew its position in PotlatchDeltic by 3,486.3% during the 3rd quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock worth $51,684,000 after purchasing an additional 1,115,272 shares during the last quarter. Curi RMB Capital LLC increased its stake in 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 valued at $15,122,000 after purchasing an additional 1,578 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of PotlatchDeltic by 29.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust’s stock valued at $13,918,000 after buying an additional 69,887 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Truist Financial lifted their target price on PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research note on Friday, December 6th. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Monday. Finally, Bank of America raised shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Thursday, September 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.40.

PotlatchDeltic Stock Up 2.1 %

PCH opened at $39.58 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. PotlatchDeltic Co. has a 12 month low of $37.06 and a 12 month high of $50.04. The stock has a market capitalization of $3.12 billion, a P/E ratio of 188.48 and a beta of 1.14. The business has a 50 day simple moving average of $42.59 and a 200-day simple moving average of $42.25.

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

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Monday, December 16th. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

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.