International Assets Investment Management LLC Buys 19,646 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

International Assets Investment Management LLC grew its position in PotlatchDeltic Co. (NASDAQ:PCH) by 4,404.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,092 shares of the real estate investment trust’s stock after purchasing an additional 19,646 shares during the quarter. International Assets Investment Management LLC’s holdings in PotlatchDeltic were worth $905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in PotlatchDeltic by 73.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 154,568 shares of the real estate investment trust’s stock valued at $6,963,000 after acquiring an additional 65,682 shares during the last quarter. ZWJ Investment Counsel Inc. purchased a new position in PotlatchDeltic during the 3rd quarter worth approximately $219,000. Creative Planning grew its stake in shares of PotlatchDeltic by 13.6% during the 3rd quarter. Creative Planning now owns 5,835 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 699 shares during the period. Procyon Advisors LLC acquired a new stake in shares of PotlatchDeltic during the 3rd quarter worth approximately $303,000. Finally, Azzad Asset Management Inc. ADV grew its stake in shares of PotlatchDeltic by 3.6% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 16,456 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 570 shares during the period. 86.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PCH shares. Bank of America raised shares of 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. Truist Financial lifted their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Finally, StockNews.com cut shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.67.

PotlatchDeltic Trading Up 1.5 %

Shares of PCH stock opened at $42.45 on Tuesday. The stock’s fifty day moving average is $43.56 and its two-hundred day moving average is $42.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.00 and a current ratio of 1.24. The firm has a market capitalization of $3.35 billion, a P/E ratio of 202.14 and a beta of 1.14. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data 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 analyst estimates of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. PotlatchDeltic’s revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 EPS. Research analysts expect that PotlatchDeltic Co. will post 0.05 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

PotlatchDeltic Company 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.