Charles Schwab Investment Management Inc. Purchases 1,993 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Charles Schwab Investment Management Inc. raised its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 0.1% in the third quarter, Holdings Channel reports. The fund owned 1,472,026 shares of the real estate investment trust’s stock after buying an additional 1,993 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in PotlatchDeltic were worth $66,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MQS Management LLC bought a new stake in PotlatchDeltic during the 3rd quarter valued at approximately $771,000. Renaissance Technologies LLC lifted its holdings 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 buying an additional 98,123 shares during the last quarter. Foresight Group Ltd Liability Partnership boosted its position in shares of 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 acquiring an additional 35,494 shares during the period. Quest Partners LLC grew its stake in shares of 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 acquiring an additional 18,837 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in 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 acquiring an additional 19,646 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock opened at $44.85 on Friday. The firm has a market cap of $3.53 billion, a P/E ratio of 213.57 and a beta of 1.14. The firm’s 50-day simple moving average is $43.17 and its 200-day simple moving average is $42.32. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $50.04. 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 released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The company had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. During the same period in the previous year, the business earned $0.14 earnings per share. The company’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, research analysts expect that PotlatchDeltic Co. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PCH has been the topic of several research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Truist Financial lifted their target price on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Bank of America raised 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.

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.