Scientech Research LLC Acquires Shares of 15,402 PotlatchDeltic Co. (NASDAQ:PCH)

Scientech Research LLC bought a new position in PotlatchDeltic Co. (NASDAQ:PCH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,402 shares of the real estate investment trust’s stock, valued at approximately $607,000.

Several other large investors also recently added to or reduced their stakes in the business. Mackenzie Financial Corp grew its position in PotlatchDeltic by 3.3% in the second quarter. Mackenzie Financial Corp now owns 9,050 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 286 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of PotlatchDeltic by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 27,287 shares of the real estate investment trust’s stock worth $1,340,000 after buying an additional 395 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of PotlatchDeltic by 0.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 106,448 shares of the real estate investment trust’s stock worth $5,005,000 after buying an additional 413 shares during the period. Arizona State Retirement System boosted its holdings in shares of PotlatchDeltic by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 22,256 shares of the real estate investment trust’s stock worth $877,000 after buying an additional 445 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in shares of PotlatchDeltic by 2.6% during the 1st quarter. State of Michigan Retirement System now owns 19,531 shares of the real estate investment trust’s stock worth $918,000 after buying an additional 500 shares during the period. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock opened at $45.13 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.00. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $50.04. The firm has a fifty day moving average price of $43.13 and a two-hundred day moving average price of $42.61. The company has a market cap of $3.56 billion, a PE ratio of 79.18 and a beta of 1.13.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The firm had revenue of $320.70 million during the quarter, compared to the consensus estimate of $305.01 million. During the same period in the prior year, the firm earned $0.06 EPS. The business’s revenue was up 30.3% on a year-over-year basis. Analysts expect that PotlatchDeltic Co. will post 0.02 EPS for the current year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.80 annualized dividend and a yield of 3.99%. PotlatchDeltic’s dividend payout ratio is currently 315.80%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PCH. Bank of America raised shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, September 12th. Royal Bank of Canada upped their price objective on shares of PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Truist Financial decreased their price objective on shares of PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, PotlatchDeltic has an average rating of “Hold” and an average price target of $47.67.

Insider Buying and Selling at PotlatchDeltic

In other news, VP Ashlee Townsend Cribb sold 4,114 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $43.11, for a total value of $177,354.54. Following the sale, the vice president now owns 29,039 shares of the company’s stock, valued at approximately $1,251,871.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

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.