PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC lowered its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,925 shares of the real estate investment trust’s stock after selling 2,275 shares during the quarter. EagleClaw Capital Managment LLC owned about 0.08% of PotlatchDeltic worth $2,790,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PCH. MQS Management LLC purchased a new stake in shares of PotlatchDeltic during the 3rd quarter worth about $771,000. Vanguard Group Inc. raised its stake in shares of PotlatchDeltic by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock valued at $551,844,000 after acquiring an additional 57,237 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of PotlatchDeltic by 2,054.5% during 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 acquiring an additional 98,123 shares in the last quarter. Foresight Group Ltd Liability Partnership increased its holdings in PotlatchDeltic by 72.7% in the 2nd 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 purchasing an additional 35,494 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in PotlatchDeltic by 4,404.9% in the third quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock valued at $905,000 after purchasing an additional 19,646 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Stock Down 0.8 %

NASDAQ:PCH traded down $0.34 during mid-day trading on Wednesday, reaching $41.32. The stock had a trading volume of 8,994 shares, compared to its average volume of 431,020. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. The stock has a market cap of $3.25 billion, a P/E ratio of 198.38 and a beta of 1.14. The business’s 50 day moving average is $43.35 and its 200 day moving average is $42.29. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly 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 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 posted $0.14 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, sell-side analysts predict that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s dividend payout ratio is currently 857.14%.

Analyst Ratings Changes

Several analysts have recently weighed in on PCH shares. Royal Bank of Canada restated an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Truist Financial lifted their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Bank of America raised shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a report on Thursday, September 12th. Finally, StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $48.67.

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.