PotlatchDeltic Co. (NASDAQ:PCH) Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 5.4% during the third quarter, Holdings Channel.com reports. The firm owned 21,954 shares of the real estate investment trust’s stock after selling 1,256 shares during the period. Victory Capital Management Inc.’s holdings in PotlatchDeltic were worth $989,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Deprince Race & Zollo Inc. grew its holdings in PotlatchDeltic by 33.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock worth $48,346,000 after acquiring an additional 304,352 shares during the period. Ceredex Value Advisors LLC acquired a new position in PotlatchDeltic during the third quarter worth about $7,884,000. Renaissance Technologies LLC grew its holdings in PotlatchDeltic by 2,054.5% during the second quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after acquiring an additional 98,123 shares during the period. Allspring Global Investments Holdings LLC grew its holdings 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 worth $6,963,000 after acquiring an additional 65,682 shares during the period. Finally, Edgestream Partners L.P. grew its holdings in PotlatchDeltic by 113.3% during the second quarter. Edgestream Partners L.P. now owns 115,473 shares of the real estate investment trust’s stock worth $4,548,000 after acquiring an additional 61,327 shares during the period. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Trading Up 0.7 %

Shares of PCH opened at $44.85 on Thursday. The business’s 50-day moving average price is $43.19 and its 200 day moving average price is $42.30. The stock has a market capitalization of $3.53 billion, a P/E ratio of 215.05 and a beta of 1.14. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $50.04. 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 0.78% and a net margin of 1.56%. PotlatchDeltic’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Analysts expect that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Thursday, September 12th. Truist Financial lifted their target price on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, 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.

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.