Johnson Investment Counsel Inc. Lowers Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Johnson Investment Counsel Inc. lessened its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,026 shares of the real estate investment trust’s stock after selling 300 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in PotlatchDeltic were worth $424,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its position in PotlatchDeltic by 490.2% in the first quarter. Steward Partners Investment Advisory LLC now owns 903 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 750 shares during the period. 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 valued at $53,000 after buying an additional 408 shares in the last quarter. Kistler Tiffany Companies LLC grew 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 acquiring an additional 790 shares during the period. BOKF NA purchased a new position in PotlatchDeltic in the first quarter worth $159,000. Finally, Beach Investment Counsel Inc. PA acquired a new stake in PotlatchDeltic in the second quarter valued at $213,000. Hedge funds and other institutional investors own 85.76% of the company’s stock.

PotlatchDeltic Stock Performance

PotlatchDeltic stock opened at $47.34 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.43 and a current ratio of 2.95. PotlatchDeltic Co. has a fifty-two week low of $41.31 and a fifty-two week high of $54.44. The stock has a fifty day moving average of $45.14 and a two-hundred day moving average of $47.97. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 57.73 and a beta of 1.22.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Tuesday, October 31st. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). PotlatchDeltic had a return on equity of 1.98% and a net margin of 6.46%. The company had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $264.92 million. During the same quarter in the prior year, the business posted $0.74 EPS. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. On average, analysts anticipate that PotlatchDeltic Co. will post 0.47 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.80 dividend on an annualized basis and a yield of 3.80%. PotlatchDeltic’s dividend payout ratio (DPR) is currently 219.51%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PCH shares. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. TheStreet cut PotlatchDeltic from a “b-” rating to a “c” rating in a report on Monday, October 30th. Truist Financial decreased their target price on PotlatchDeltic from $55.00 to $50.00 and set a “hold” rating on the stock in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada dropped their price target on PotlatchDeltic from $52.00 to $48.00 and set a “sector perform” rating for the company in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $52.50.

About PotlatchDeltic

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.