PotlatchDeltic Co. (NASDAQ:PCH) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC raised its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 28.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,854 shares of the real estate investment trust’s stock after acquiring an additional 4,633 shares during the period. Natixis Advisors LLC’s holdings in PotlatchDeltic were worth $939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Curi RMB Capital LLC increased its holdings in shares of PotlatchDeltic by 0.5% during the 3rd quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock valued at $15,122,000 after purchasing an additional 1,578 shares in the last quarter. Saturna Capital Corp increased its holdings in shares of PotlatchDeltic by 3.7% during the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 356 shares in the last quarter. MQS Management LLC purchased a new position in shares of PotlatchDeltic during the 3rd quarter valued at approximately $771,000. Entropy Technologies LP increased its holdings in shares of PotlatchDeltic by 52.9% during the 3rd quarter. Entropy Technologies LP now owns 9,248 shares of the real estate investment trust’s stock valued at $417,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Versor Investments LP purchased a new position in shares of PotlatchDeltic during the 3rd quarter valued at approximately $257,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

PotlatchDeltic Price Performance

Shares of NASDAQ PCH opened at $44.85 on Thursday. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $50.04. The firm has a market cap of $3.53 billion, a PE ratio of 213.57 and a beta of 1.14. The firm has a fifty day moving average of $43.19 and a 200 day moving average of $42.30. 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 earnings results 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. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The business had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, research analysts predict that PotlatchDeltic Co. will post 0.15 EPS for the current fiscal 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.