MetLife Investment Management LLC Sells 4,585 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

MetLife Investment Management LLC trimmed its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 5.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,674 shares of the real estate investment trust’s stock after selling 4,585 shares during the period. MetLife Investment Management LLC’s holdings in PotlatchDeltic were worth $3,679,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Deprince Race & Zollo Inc. grew its stake in shares of PotlatchDeltic by 33.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock worth $48,346,000 after acquiring an additional 304,352 shares during the period. Ceredex Value Advisors LLC bought a new position in PotlatchDeltic during the third quarter worth about $7,884,000. Renaissance Technologies LLC increased its stake in shares of PotlatchDeltic by 2,054.5% in the second quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after purchasing an additional 98,123 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of PotlatchDeltic by 73.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 154,568 shares of the real estate investment trust’s stock valued at $6,963,000 after purchasing an additional 65,682 shares during the period. Finally, Edgestream Partners L.P. lifted its stake in shares of PotlatchDeltic by 113.3% during the 2nd quarter. Edgestream Partners L.P. now owns 115,473 shares of the real estate investment trust’s stock valued at $4,548,000 after buying an additional 61,327 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

PotlatchDeltic Trading Down 1.5 %

PotlatchDeltic stock opened at $44.16 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.24. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $50.04. The stock has a market cap of $3.48 billion, a P/E ratio of 210.19 and a beta of 1.14. The firm’s fifty day moving average price is $43.13 and its 200-day moving average price is $42.31.

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

Wall Street Analyst Weigh In

PCH has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, September 12th. Finally, Truist Financial upped their price target on PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th.

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.