130,483 Shares in PotlatchDeltic Co. (NASDAQ:PCH) Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC bought a new position in PotlatchDeltic Co. (NASDAQ:PCH) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 130,483 shares of the real estate investment trust’s stock, valued at approximately $5,878,000.

Several other large investors have also recently bought and sold shares of PCH. Cetera Advisors LLC bought a new stake in shares of PotlatchDeltic during the 1st quarter valued at about $203,000. Blue Trust Inc. lifted its position in PotlatchDeltic by 953,200.0% during the second quarter. Blue Trust Inc. now owns 9,533 shares of the real estate investment trust’s stock valued at $376,000 after purchasing an additional 9,532 shares during the last quarter. Accordant Advisory Group Inc grew its stake in PotlatchDeltic by 1.2% in the 2nd quarter. Accordant Advisory Group Inc now owns 54,852 shares of the real estate investment trust’s stock worth $2,161,000 after buying an additional 627 shares in the last quarter. Independence Bank of Kentucky purchased a new position in PotlatchDeltic in the 2nd quarter worth approximately $51,000. Finally, AMG National Trust Bank increased its holdings in shares of PotlatchDeltic by 34.7% in the 2nd quarter. AMG National Trust Bank now owns 35,200 shares of the real estate investment trust’s stock worth $1,387,000 after buying an additional 9,061 shares during the last quarter. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Price Performance

Shares of NASDAQ:PCH opened at $44.03 on Wednesday. The company’s fifty day moving average is $43.11 and its 200 day moving average is $42.32. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $50.04. The stock has a market cap of $3.47 billion, a PE ratio of 209.67 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million during 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%. PotlatchDeltic’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. Research analysts anticipate that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.