D.A. Davidson & CO. Lowers Stake in PotlatchDeltic Co. (NASDAQ:PCH)

D.A. Davidson & CO. trimmed its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 15.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 40,280 shares of the real estate investment trust’s stock after selling 7,409 shares during the period. D.A. Davidson & CO. owned 0.05% of PotlatchDeltic worth $1,815,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

PotlatchDeltic Trading Down 0.0 %

NASDAQ:PCH opened at $44.84 on Friday. The stock has a fifty day simple moving average of $43.13 and a 200-day simple moving average of $42.34. PotlatchDeltic Co. has a 52-week low of $37.06 and a 52-week high of $50.04. The company has a market capitalization of $3.53 billion, a PE ratio of 213.52 and a beta of 1.14. 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 (NASDAQ:PCH) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. The firm had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. On average, equities research analysts expect that PotlatchDeltic Co. will post 0.15 earnings per share for the current fiscal year.

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.