AMG National Trust Bank Boosts Stake in PotlatchDeltic Co. (NASDAQ:PCH)

AMG National Trust Bank boosted its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,461 shares of the real estate investment trust’s stock after acquiring an additional 1,261 shares during the period. AMG National Trust Bank’s holdings in PotlatchDeltic were worth $1,643,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PCH. Vanguard Group Inc. increased its holdings in shares of PotlatchDeltic by 0.5% in the first quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock valued at $551,844,000 after purchasing an additional 57,237 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of PotlatchDeltic by 3.6% during the 2nd 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 period. Janus Henderson Group PLC boosted its position in shares of PotlatchDeltic by 19.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock valued at $61,913,000 after acquiring an additional 212,121 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of 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 valued at $48,346,000 after acquiring an additional 304,352 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of PotlatchDeltic by 2.2% in the first quarter. Clearbridge Investments LLC now owns 355,235 shares of the real estate investment trust’s stock valued at $16,703,000 after purchasing an additional 7,643 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. 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. Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, September 12th. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Finally, StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $48.67.

PotlatchDeltic Stock Up 0.3 %

NASDAQ:PCH opened at $41.89 on Tuesday. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $50.04. The stock’s fifty day moving average is $43.37 and its two-hundred day moving average is $42.29. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 199.48 and a beta of 1.14. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

PotlatchDeltic (NASDAQ:PCH) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping 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 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 in the prior year, the company earned $0.14 EPS. Research analysts anticipate that PotlatchDeltic Co. will post 0.15 EPS for the current year.

PotlatchDeltic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Friday, September 13th. PotlatchDeltic’s dividend payout ratio (DPR) is currently 857.14%.

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.