Amalgamated Bank decreased its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH – Free Report) by 5.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,270 shares of the real estate investment trust’s stock after selling 3,193 shares during the period. Amalgamated Bank owned 0.06% of PotlatchDeltic worth $2,538,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its stake in shares of PotlatchDeltic by 1.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 21,664 shares of the real estate investment trust’s stock valued at $953,000 after purchasing an additional 209 shares in the last quarter. Xponance Inc. grew its holdings in shares of PotlatchDeltic by 1.9% during the first quarter. Xponance Inc. now owns 12,742 shares of the real estate investment trust’s stock valued at $631,000 after buying an additional 234 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of 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 buying an additional 236 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in PotlatchDeltic by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,762 shares of the real estate investment trust’s stock worth $1,045,000 after purchasing an additional 240 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in PotlatchDeltic by 2.7% in the first quarter. Mackenzie Financial Corp now owns 9,718 shares of the real estate investment trust’s stock worth $481,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 87.19% of the company’s stock.
PotlatchDeltic Stock Down 0.0 %
Shares of PCH stock opened at $52.86 on Friday. 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 company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 20.25 and a beta of 1.21. The company’s fifty day moving average price is $50.58 and its 200-day moving average price is $48.36. PotlatchDeltic Co. has a one year low of $39.10 and a one year high of $54.44.
PotlatchDeltic Announces Dividend
Wall Street Analyst Weigh In
Several brokerages recently issued reports on PCH. 1-800-FLOWERS.COM restated a “maintains” rating on shares of PotlatchDeltic in a report on Wednesday, June 28th. Royal Bank of Canada downgraded shares of PotlatchDeltic from an “outperform” rating to a “sector perform” rating and set a $55.00 price target on the stock. in a research report on Wednesday, July 19th. StockNews.com downgraded shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. SpectralCast reiterated a “maintains” rating on shares of PotlatchDeltic in a research report on Wednesday, June 28th. Finally, Bank of America increased their price target on shares of PotlatchDeltic from $50.00 to $57.00 in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $55.80.
PotlatchDeltic Company Profile
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.
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