Paloma Partners Management Co Makes New $284,000 Investment in PotlatchDeltic Co. (NASDAQ:PCH)

Paloma Partners Management Co purchased a new position in PotlatchDeltic Co. (NASDAQ:PCH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,300 shares of the real estate investment trust’s stock, valued at approximately $284,000.

A number of other institutional investors have also made changes to their positions in PCH. MQS Management LLC acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth about $771,000. Renaissance Technologies LLC boosted its stake in PotlatchDeltic by 2,054.5% during the 2nd quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after acquiring an additional 98,123 shares during the last quarter. Foresight Group Ltd Liability Partnership increased its stake in PotlatchDeltic by 72.7% in the second quarter. Foresight Group Ltd Liability Partnership now owns 84,314 shares of the real estate investment trust’s stock valued at $3,321,000 after purchasing an additional 35,494 shares in the last quarter. Quest Partners LLC raised its holdings in PotlatchDeltic by 872.1% in the third quarter. Quest Partners LLC now owns 20,997 shares of the real estate investment trust’s stock worth $946,000 after purchasing an additional 18,837 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of PotlatchDeltic by 4,404.9% during the third quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock worth $905,000 after purchasing an additional 19,646 shares in the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Price Performance

PCH stock opened at $43.75 on Friday. The stock has a 50-day moving average price of $43.06 and a two-hundred day moving average price of $42.33. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $50.04. The stock has a market cap of $3.45 billion, a PE ratio of 208.33 and a beta of 1.14. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. PotlatchDeltic’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the company earned $0.14 earnings per share. Equities analysts forecast that PotlatchDeltic Co. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.