Captrust Financial Advisors Acquires Shares of 8,114 PotlatchDeltic Co. (NASDAQ:PCH)

Captrust Financial Advisors bought a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,114 shares of the real estate investment trust’s stock, valued at approximately $366,000.

Other hedge funds have also modified their holdings of the company. Independence Bank of Kentucky acquired a new position in shares of PotlatchDeltic during the second quarter worth about $51,000. Quarry LP acquired a new position in PotlatchDeltic during the 2nd quarter worth approximately $82,000. Quest Partners LLC bought a new position in shares of PotlatchDeltic during the 2nd quarter worth approximately $85,000. FMR LLC grew its stake in shares of PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 733 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new stake in shares of PotlatchDeltic in the first quarter valued at approximately $203,000. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Trading Down 0.8 %

NASDAQ:PCH opened at $42.71 on Friday. PotlatchDeltic Co. has a 12 month low of $37.06 and a 12 month high of $50.04. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The firm’s 50 day moving average is $42.90 and its 200 day moving average is $42.35. The stock has a market capitalization of $3.36 billion, a PE ratio of 203.38 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. Sell-side analysts expect that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.45 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.21%. PotlatchDeltic’s payout ratio is 857.14%.

Analyst Ratings Changes

A number of brokerages have commented on PCH. 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. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Thursday, September 12th. Truist Financial lifted their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, PotlatchDeltic has a consensus rating of “Moderate Buy” and an average target price of $49.25.

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.