Fisher Asset Management LLC Buys 13,006 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Fisher Asset Management LLC boosted its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 6.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 226,035 shares of the real estate investment trust’s stock after purchasing an additional 13,006 shares during the period. Fisher Asset Management LLC owned 0.29% of PotlatchDeltic worth $10,183,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PCH. Cerity Partners LLC boosted its holdings in shares of PotlatchDeltic by 28.4% in the 3rd quarter. Cerity Partners LLC now owns 22,812 shares of the real estate investment trust’s stock valued at $1,028,000 after buying an additional 5,049 shares during the last quarter. Intech Investment Management LLC acquired a new stake in PotlatchDeltic in the third quarter valued at $781,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of PotlatchDeltic in the 3rd quarter valued at about $372,000. Segall Bryant & Hamill LLC acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth about $2,162,000. Finally, Quest Partners LLC raised its holdings in shares of PotlatchDeltic by 872.1% in the 3rd quarter. Quest Partners LLC now owns 20,997 shares of the real estate investment trust’s stock valued at $946,000 after purchasing an additional 18,837 shares during the period. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Stock Performance

NASDAQ:PCH opened at $44.85 on Thursday. The stock has a 50 day simple moving average of $43.19 and a 200 day simple moving average of $42.30. The stock has a market cap of $3.53 billion, a P/E ratio of 213.57 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 released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $255.10 million for the quarter, compared to analyst estimates 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 last year, the firm earned $0.14 earnings per share. Research analysts anticipate that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Truist Financial boosted 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. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, September 12th. Finally, StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th.

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.