PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 5.8% during the third quarter, Holdings Channel reports. The institutional investor owned 8,860 shares of the real estate investment trust’s stock after selling 543 shares during the period. Stifel Financial Corp’s holdings in PotlatchDeltic were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. MQS Management LLC purchased a new stake in shares of PotlatchDeltic during the 3rd quarter worth approximately $771,000. Renaissance Technologies LLC lifted its position in 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 valued at $4,053,000 after acquiring an additional 98,123 shares during the last quarter. Quest Partners LLC boosted its stake in PotlatchDeltic by 872.1% in the third quarter. Quest Partners LLC now owns 20,997 shares of the real estate investment trust’s stock valued at $946,000 after acquiring an additional 18,837 shares in the last quarter. Foresight Group Ltd Liability Partnership boosted its stake in PotlatchDeltic by 72.7% in the second 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 acquiring an additional 35,494 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of PotlatchDeltic by 4,404.9% during the third quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock worth $905,000 after purchasing an additional 19,646 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

PotlatchDeltic Trading Down 0.5 %

Shares of PCH stock opened at $38.88 on Friday. The company has a market capitalization of $3.06 billion, a P/E ratio of 185.14 and a beta of 1.14. 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 business’s 50 day moving average is $42.15 and its two-hundred day moving average is $42.16. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data 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. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. PotlatchDeltic’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. Equities analysts forecast that PotlatchDeltic Co. will post 0.15 EPS for the current year.

PotlatchDeltic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.63%. PotlatchDeltic’s dividend payout ratio (DPR) is 857.14%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on PCH shares. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 23rd. Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a research note on Thursday, September 12th. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a report on Friday, December 6th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.40.

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.