Tidal Investments LLC Sells 1,653 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Tidal Investments LLC decreased its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 69,472 shares of the real estate investment trust’s stock after selling 1,653 shares during the period. Tidal Investments LLC owned approximately 0.09% of PotlatchDeltic worth $3,130,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PCH. Independence Bank of Kentucky bought a new position in PotlatchDeltic in the second quarter valued at about $51,000. Quarry LP acquired a new position in PotlatchDeltic during the 2nd quarter worth approximately $82,000. Quest Partners LLC acquired a new position in PotlatchDeltic during the 2nd quarter worth approximately $85,000. Systematic Financial Management LP bought a new position in PotlatchDeltic in the 3rd quarter valued at approximately $166,000. Finally, FMR LLC grew its stake in shares of PotlatchDeltic by 20.4% during the third 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 last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

PotlatchDeltic Price Performance

Shares of PCH opened at $42.71 on Friday. The business has a 50-day moving average of $42.90 and a 200-day moving average of $42.35. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 203.38 and a beta of 1.14. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly 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. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. During the same quarter last year, the business earned $0.14 EPS. The company’s revenue was down 3.9% compared to the same quarter last year. As a group, equities research analysts anticipate that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued 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 yield of 4.21%. PotlatchDeltic’s payout ratio is currently 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.