PotlatchDeltic Co. (NASDAQ:PCH) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 0.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,472,026 shares of the real estate investment trust’s stock after purchasing an additional 1,993 shares during the period. Charles Schwab Investment Management Inc. owned 1.87% of PotlatchDeltic worth $66,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in shares of PotlatchDeltic by 4.9% in the first quarter. Tidal Investments LLC now owns 61,030 shares of the real estate investment trust’s stock worth $2,870,000 after buying an additional 2,867 shares during the period. Cetera Advisors LLC purchased a new position in PotlatchDeltic during the 1st quarter valued at about $203,000. Park Place Capital Corp purchased a new position in PotlatchDeltic during the 2nd quarter valued at about $105,000. Beach Investment Counsel Inc. PA acquired a new position in shares of PotlatchDeltic in the 2nd quarter valued at about $59,000. Finally, Blue Trust Inc. lifted its position in shares of PotlatchDeltic by 953,200.0% in the second quarter. Blue Trust Inc. now owns 9,533 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 9,532 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Stock Performance

PCH stock opened at $44.85 on Friday. The company has a market capitalization of $3.53 billion, a price-to-earnings ratio of 213.57 and a beta of 1.14. The firm has a 50 day moving average of $43.17 and a two-hundred day moving average of $42.32. 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 Co. has a 12 month low of $37.06 and a 12 month high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $241.35 million. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis. As a group, equities analysts anticipate that PotlatchDeltic Co. will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.