PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its position in PotlatchDeltic Co. (NASDAQ:PCH) by 77.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,135 shares of the real estate investment trust’s stock after selling 7,398 shares during the period. Blue Trust Inc.’s holdings in PotlatchDeltic were worth $96,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp grew its holdings in PotlatchDeltic by 3.3% in the second quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 286 shares during the period. Arizona State Retirement System grew its holdings in PotlatchDeltic by 2.0% in the second quarter. Arizona State Retirement System now owns 22,256 shares of the real estate investment trust’s stock valued at $877,000 after purchasing an additional 445 shares during the period. State of Michigan Retirement System grew its holdings in PotlatchDeltic by 2.6% in the first quarter. State of Michigan Retirement System now owns 19,531 shares of the real estate investment trust’s stock valued at $918,000 after purchasing an additional 500 shares during the period. Bessemer Group Inc. grew its holdings in PotlatchDeltic by 370.7% in the first quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 556 shares during the period. Finally, Azzad Asset Management Inc. ADV grew its holdings in PotlatchDeltic by 3.6% in the third quarter. Azzad Asset Management Inc. ADV now owns 16,456 shares of the real estate investment trust’s stock valued at $741,000 after purchasing an additional 570 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

PotlatchDeltic Trading Down 4.2 %

PCH opened at $40.52 on Wednesday. The stock has a market capitalization of $3.20 billion, a PE ratio of 88.09 and a beta of 1.13. The firm’s fifty day moving average price is $43.58 and its 200 day moving average price is $42.22. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.00. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. The firm had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. As a group, research analysts expect that PotlatchDeltic Co. will post 0.01 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.44%. PotlatchDeltic’s dividend payout ratio (DPR) is 391.31%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PCH. Truist Financial boosted their target price on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Royal Bank of Canada boosted their price objective on shares of PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Bank of America upgraded shares of 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. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, PotlatchDeltic presently has a consensus rating of “Hold” and an average price target of $48.67.

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.