Stephens Inc. AR Has $330,000 Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Stephens Inc. AR decreased its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 10.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,333 shares of the real estate investment trust’s stock after selling 875 shares during the quarter. Stephens Inc. AR’s holdings in PotlatchDeltic were worth $330,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in PCH. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of PotlatchDeltic by 6.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 71,193 shares of the real estate investment trust’s stock valued at $3,347,000 after buying an additional 4,559 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of PotlatchDeltic by 39.0% during the 1st quarter. BNP Paribas Financial Markets now owns 79,647 shares of the real estate investment trust’s stock worth $3,745,000 after purchasing an additional 22,331 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of PotlatchDeltic by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 69,459 shares of the real estate investment trust’s stock worth $3,266,000 after purchasing an additional 900 shares in the last quarter. Duality Advisers LP acquired a new stake in shares of PotlatchDeltic during the 1st quarter worth about $807,000. Finally, SG Americas Securities LLC increased its position in shares of PotlatchDeltic by 79.5% during the 1st quarter. SG Americas Securities LLC now owns 22,148 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 9,811 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PCH. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research report on Wednesday, October 30th. StockNews.com cut shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a research report on Monday. Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a research report on Thursday, September 12th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $48.67.

PotlatchDeltic Stock Up 1.0 %

Shares of NASDAQ:PCH opened at $42.55 on Friday. PotlatchDeltic Co. has a 12 month low of $37.06 and a 12 month high of $50.04. The company’s 50-day moving average price is $43.50 and its two-hundred day moving average price is $42.23. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 0.42. The firm has a market cap of $3.36 billion, a P/E ratio of 202.62 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The company’s revenue was down 3.9% on a year-over-year basis. As a group, research analysts forecast that PotlatchDeltic Co. will post 0.11 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Friday, September 13th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

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.