PotlatchDeltic Co. (NASDAQ:PCH) Shares Purchased by AMG National Trust Bank

AMG National Trust Bank raised its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 3.6% during the third quarter, Holdings Channel reports. The institutional investor owned 36,461 shares of the real estate investment trust’s stock after buying an additional 1,261 shares during the period. AMG National Trust Bank’s holdings in PotlatchDeltic were worth $1,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. MQS Management LLC purchased a new stake in shares of PotlatchDeltic during the 3rd quarter worth approximately $771,000. Sei Investments Co. boosted its stake in PotlatchDeltic by 47.7% in the first quarter. Sei Investments Co. now owns 119,049 shares of the real estate investment trust’s stock valued at $5,598,000 after acquiring an additional 38,461 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 57,237 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of PotlatchDeltic by 2,054.5% during the second quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after purchasing an additional 98,123 shares during the last quarter. Finally, Foresight Group Ltd Liability Partnership increased its position in shares of PotlatchDeltic by 72.7% during the second quarter. Foresight Group Ltd Liability Partnership now owns 84,314 shares of the real estate investment trust’s stock worth $3,321,000 after purchasing an additional 35,494 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Stock Performance

Shares of PCH opened at $41.89 on Tuesday. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $50.04. The stock has a market capitalization of $3.30 billion, a P/E ratio of 199.48 and a beta of 1.14. 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 company’s fifty day moving average is $43.37 and its two-hundred day moving average is $42.29.

PotlatchDeltic (NASDAQ:PCH) last posted 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 analysts’ expectations of $241.35 million. During the same period in the prior year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, sell-side analysts predict 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 was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date was Friday, September 13th. PotlatchDeltic’s dividend payout ratio is presently 857.14%.

Analyst Upgrades and Downgrades

PCH has been the topic of several research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Truist Financial upped their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Bank of America raised shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, PotlatchDeltic currently has a consensus rating of “Hold” and an average target price of $48.67.

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.