PotlatchDeltic Co. (NASDAQ:PCH) Shares Bought by Occidental Asset Management LLC

Occidental Asset Management LLC raised its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 13.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,684 shares of the real estate investment trust’s stock after acquiring an additional 1,979 shares during the period. Occidental Asset Management LLC’s holdings in PotlatchDeltic were worth $882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PCH. Carmel Capital Partners LLC bought a new stake in PotlatchDeltic during the first quarter worth approximately $40,000. Steward Partners Investment Advisory LLC raised its holdings in PotlatchDeltic by 490.2% during the first quarter. Steward Partners Investment Advisory LLC now owns 903 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 750 shares in the last quarter. CENTRAL TRUST Co raised its holdings in PotlatchDeltic by 46.7% during the third quarter. CENTRAL TRUST Co now owns 1,281 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 408 shares in the last quarter. Kistler Tiffany Companies LLC raised its holdings in PotlatchDeltic by 115.5% during the first quarter. Kistler Tiffany Companies LLC now owns 1,474 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 790 shares in the last quarter. Finally, BOKF NA bought a new stake in PotlatchDeltic during the first quarter worth approximately $159,000. 85.76% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Trading Down 0.8 %

NASDAQ PCH opened at $47.30 on Tuesday. PotlatchDeltic Co. has a twelve month low of $39.10 and a twelve month high of $54.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.99 and a current ratio of 3.49. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 40.43 and a beta of 1.24. The firm’s 50 day moving average price is $49.75 and its two-hundred day moving average price is $48.84.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). PotlatchDeltic had a return on equity of 3.78% and a net margin of 8.31%. The firm had revenue of $246.10 million for the quarter, compared to analysts’ expectations of $236.30 million. During the same quarter in the previous year, the firm posted $1.61 earnings per share. The company’s revenue for the quarter was down 31.6% on a year-over-year basis. Equities analysts anticipate that PotlatchDeltic Co. will post 0.81 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Thursday, September 14th. PotlatchDeltic’s dividend payout ratio is currently 153.85%.

Analyst Ratings Changes

Several research analysts have issued reports on PCH shares. Royal Bank of Canada lowered 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. SpectralCast restated a “maintains” rating on shares of PotlatchDeltic in a research report on Wednesday, June 28th. StockNews.com started coverage on shares of PotlatchDeltic in a research report on Thursday, August 17th. They issued a “sell” rating on the stock. 1-800-FLOWERS.COM restated a “maintains” rating on shares of PotlatchDeltic in a research report on Wednesday, June 28th. Finally, Bank of America lifted their price target on shares of PotlatchDeltic from $50.00 to $57.00 in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, PotlatchDeltic presently has a consensus rating of “Hold” and a consensus target price of $53.50.

About PotlatchDeltic

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.