PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC lessened its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 20.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,616 shares of the real estate investment trust’s stock after selling 13,198 shares during the period. Horizon Kinetics Asset Management LLC owned about 0.07% of PotlatchDeltic worth $2,325,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Deprince Race & Zollo Inc. grew its position 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 valued at $48,346,000 after buying an additional 304,352 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of PotlatchDeltic by 19.2% during the first quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock valued at $61,913,000 after purchasing an additional 212,121 shares during the last quarter. Ceredex Value Advisors LLC bought a new position in shares of PotlatchDeltic during the third quarter valued at approximately $7,884,000. Renaissance Technologies LLC raised its position in shares of 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 purchasing an additional 98,123 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of PotlatchDeltic by 73.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 154,568 shares of the real estate investment trust’s stock worth $6,963,000 after purchasing an additional 65,682 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on PCH. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Truist Financial increased their price objective on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Bank of America raised shares of 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, PotlatchDeltic currently has an average rating of “Hold” and a consensus target price of $48.67.

PotlatchDeltic Trading Up 3.3 %

Shares of PCH stock opened at $43.09 on Monday. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $50.04. The firm has a market capitalization of $3.39 billion, a PE ratio of 205.19 and a beta of 1.14. The stock has a fifty day moving average of $43.23 and a two-hundred day moving average of $42.28. 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 (NASDAQ:PCH) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, topping the consensus estimate 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 net margin of 1.56% and a return on equity of 0.78%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 earnings per share. As a group, research analysts expect that PotlatchDeltic Co. will post 0.15 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

PotlatchDeltic 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.