Quantbot Technologies LP Has $948,000 Position in PotlatchDeltic Co. (NASDAQ:PCH)

Quantbot Technologies LP lessened its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 46.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,045 shares of the real estate investment trust’s stock after selling 18,565 shares during the period. Quantbot Technologies LP’s holdings in PotlatchDeltic were worth $948,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in PCH. Deprince Race & Zollo Inc. raised its stake in PotlatchDeltic by 33.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock worth $48,346,000 after acquiring an additional 304,352 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in PotlatchDeltic during the 3rd quarter worth approximately $7,884,000. Renaissance Technologies LLC lifted its stake in PotlatchDeltic by 2,054.5% in the 2nd quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock valued at $4,053,000 after purchasing an additional 98,123 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in PotlatchDeltic by 73.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 154,568 shares of the real estate investment trust’s stock valued at $6,963,000 after buying an additional 65,682 shares in the last quarter. Finally, Edgestream Partners L.P. grew its stake in shares of PotlatchDeltic by 113.3% during the second quarter. Edgestream Partners L.P. now owns 115,473 shares of the real estate investment trust’s stock worth $4,548,000 after buying an additional 61,327 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

PotlatchDeltic Stock Down 0.0 %

Shares of NASDAQ:PCH opened at $44.84 on Monday. The firm has a market cap of $3.53 billion, a P/E ratio of 213.52 and a beta of 1.14. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $50.04. The business has a fifty day simple moving average of $43.13 and a 200 day simple moving average of $42.33. 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 issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million during the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. Analysts predict that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

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.