Fisher Asset Management LLC Sells 465 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Posted by Defense World Staff on Jul 24th, 2023

Fisher Asset Management LLC reduced its position in shares of PotlatchDeltic Co. (NASDAQ:PCH – Free Report) by 0.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 192,515 shares of the real estate investment trust’s stock after selling 465 shares during the quarter. Fisher Asset Management LLC owned 0.24% of PotlatchDeltic worth $9,530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Kistler Tiffany Companies LLC purchased a new position in shares of PotlatchDeltic in the fourth quarter worth approximately $30,000. Fifth Third Bancorp raised its holdings in PotlatchDeltic by 50.2% during the fourth quarter. Fifth Third Bancorp now owns 706 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 236 shares during the period. Ronald Blue Trust Inc. lifted its position in shares of PotlatchDeltic by 219.4% in the fourth quarter. Ronald Blue Trust Inc. now owns 990 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 680 shares in the last quarter. Carmel Capital Partners LLC bought a new position in shares of PotlatchDeltic in the first quarter worth about $40,000. Finally, CENTRAL TRUST Co boosted its stake in shares of PotlatchDeltic by 46.7% in the third quarter. CENTRAL TRUST Co now owns 1,281 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 408 shares during the period. 87.19% of the stock is currently owned by institutional investors.

PotlatchDeltic Stock Down 0.9 %

PotlatchDeltic stock opened at $53.40 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.78 and a quick ratio of 3.25. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 20.46 and a beta of 1.21. PotlatchDeltic Co. has a 1-year low of $39.10 and a 1-year high of $54.44. The business has a fifty day moving average price of $50.08 and a 200-day moving average price of $48.17.

PotlatchDeltic (NASDAQ:PCH – Get Free Report) last issued its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.11. The company had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $243.34 million. PotlatchDeltic had a return on equity of 8.87% and a net margin of 15.82%. The firm’s revenue was down 37.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.50 EPS. Equities research analysts forecast that PotlatchDeltic Co. will post 0.91 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 2nd were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $1.80 annualized dividend and a dividend yield of 3.37%. PotlatchDeltic’s dividend payout ratio is presently 68.97%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PCH. Bank of America upped their price objective on PotlatchDeltic from $50.00 to $57.00 in a research note on Monday, July 10th. Royal Bank of Canada lowered PotlatchDeltic from an “outperform” rating to a “sector perform” rating and set a $55.00 price objective for the company. in a research note on Wednesday, July 19th. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of PotlatchDeltic in a research note on Wednesday, June 28th. SpectralCast reaffirmed a “maintains” rating on shares of PotlatchDeltic in a research note on Wednesday, June 28th. Finally, StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Saturday, July 15th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PotlatchDeltic presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.80.

PotlatchDeltic Profile

(Free Report)

PotlatchDeltic (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.