180,981 Shares in PotlatchDeltic Co. (NASDAQ:PCH) Bought by Heitman Real Estate Securities LLC

Heitman Real Estate Securities LLC bought a new position in PotlatchDeltic Co. (NASDAQ:PCH) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 180,981 shares of the real estate investment trust’s stock, valued at approximately $8,153,000. Heitman Real Estate Securities LLC owned 0.23% of PotlatchDeltic at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Mackenzie Financial Corp grew its stake in shares of PotlatchDeltic by 3.3% during the second quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 286 shares in the last quarter. Saturna Capital Corp increased its position in PotlatchDeltic by 3.7% in the third quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 356 shares during the period. Arizona State Retirement System boosted its position in PotlatchDeltic by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 22,256 shares of the real estate investment trust’s stock worth $877,000 after acquiring an additional 445 shares during the period. Azzad Asset Management Inc. ADV lifted 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 worth $741,000 after purchasing an additional 570 shares during the period. Finally, Accordant Advisory Group Inc lifted its stake in shares of PotlatchDeltic by 1.2% in the 2nd quarter. Accordant Advisory Group Inc now owns 54,852 shares of the real estate investment trust’s stock worth $2,161,000 after acquiring an additional 627 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

PotlatchDeltic Price Performance

Shares of PCH stock opened at $44.16 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 $43.13 and its 200-day moving average is $42.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.24. The stock has a market capitalization of $3.48 billion, a PE ratio of 210.29 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last posted 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 business had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. PotlatchDeltic’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. Equities research analysts expect that PotlatchDeltic Co. will post 0.15 EPS for the current fiscal year.

Analyst Ratings Changes

PCH has been the subject of several research reports. 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 report on Thursday, September 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Truist Financial upped their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

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.