PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by World Investment Advisors LLC

World Investment Advisors LLC reduced its position in PotlatchDeltic Co. (NASDAQ:PCH) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,228 shares of the real estate investment trust’s stock after selling 1,197 shares during the quarter. World Investment Advisors LLC’s holdings in PotlatchDeltic were worth $8,299,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mackenzie Financial Corp grew its position in PotlatchDeltic by 3.3% during the 2nd quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 286 shares during the last quarter. Saturna Capital Corp increased its position in shares of PotlatchDeltic by 3.7% in the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock valued at $452,000 after acquiring an additional 356 shares during the period. Arizona State Retirement System raised its stake in PotlatchDeltic by 2.0% in 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 last quarter. Azzad Asset Management Inc. ADV lifted its position in PotlatchDeltic by 3.6% during the 3rd quarter. Azzad Asset Management Inc. ADV now owns 16,456 shares of the real estate investment trust’s stock worth $741,000 after acquiring an additional 570 shares during the period. Finally, Accordant Advisory Group Inc grew its stake in PotlatchDeltic by 1.2% during the 2nd quarter. Accordant Advisory Group Inc now owns 54,852 shares of the real estate investment trust’s stock valued at $2,161,000 after purchasing an additional 627 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Price Performance

NASDAQ:PCH opened at $43.06 on Friday. 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 50 day moving average price of $42.93 and a 200-day moving average price of $42.35. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $50.04. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 205.05 and a beta of 1.14.

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

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.18%. The ex-dividend date is Monday, December 16th. PotlatchDeltic’s payout ratio is currently 857.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PCH. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Friday, December 6th. 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 note on Thursday, September 12th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Truist Financial boosted their target price 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. Finally, 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PotlatchDeltic has an average rating of “Moderate Buy” and an average price target of $49.25.

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.