World Investment Advisors LLC Reduces Position in PotlatchDeltic Co. (NASDAQ:PCH)

World Investment Advisors LLC trimmed its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 0.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,228 shares of the real estate investment trust’s stock after selling 1,197 shares during the period. World Investment Advisors LLC owned 0.23% of PotlatchDeltic worth $8,299,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new position in PotlatchDeltic during the second quarter valued at approximately $51,000. Quarry LP bought a new stake in shares of PotlatchDeltic during the 2nd quarter valued at $82,000. Quest Partners LLC purchased a new position in shares of PotlatchDeltic during the 2nd quarter valued at $85,000. Systematic Financial Management LP bought a new position in PotlatchDeltic in the 3rd quarter worth $166,000. Finally, FMR LLC boosted its holdings in PotlatchDeltic by 20.4% in the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 shares during the period. 86.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PCH has been the topic of a number of research analyst reports. Truist Financial boosted their price target on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Friday, December 6th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Finally, 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 report on Thursday, September 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.25.

PotlatchDeltic Stock Performance

Shares of PotlatchDeltic stock opened at $43.06 on Friday. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $50.04. The company has a market capitalization of $3.39 billion, a PE ratio of 205.05 and a beta of 1.14. The stock’s fifty day moving average is $42.93 and its two-hundred day moving average is $42.35. 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 announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The firm had revenue of $255.10 million during 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 quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. As a group, analysts expect that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The firm also recently disclosed 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 is Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.18%. PotlatchDeltic’s dividend payout ratio is presently 857.14%.

PotlatchDeltic 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.