Curi RMB Capital LLC Has $15.12 Million Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Curi RMB Capital LLC raised its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 335,671 shares of the real estate investment trust’s stock after buying an additional 1,578 shares during the period. Curi RMB Capital LLC’s holdings in PotlatchDeltic were worth $15,122,000 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 PCH. SG Americas Securities LLC boosted its position in PotlatchDeltic by 79.5% during the first quarter. SG Americas Securities LLC now owns 22,148 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 9,811 shares during the last quarter. Sei Investments Co. grew its stake in shares of PotlatchDeltic by 47.7% in the first quarter. Sei Investments Co. now owns 119,049 shares of the real estate investment trust’s stock valued at $5,598,000 after buying an additional 38,461 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in PotlatchDeltic by 353.2% during the first quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust’s stock worth $21,394,000 after buying an additional 354,616 shares during the last quarter. ProShare Advisors LLC raised its position in PotlatchDeltic by 4.7% during the first quarter. ProShare Advisors LLC now owns 18,099 shares of the real estate investment trust’s stock worth $851,000 after acquiring an additional 818 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of PotlatchDeltic by 17.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 26,478 shares of the real estate investment trust’s stock valued at $1,311,000 after acquiring an additional 3,880 shares during the period. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Trading Up 0.5 %

Shares of NASDAQ:PCH opened at $41.50 on Thursday. The stock has a market cap of $3.27 billion, a PE ratio of 197.62 and a beta of 1.14. 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. The business has a 50 day moving average of $43.40 and a 200-day moving average of $42.26.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. During the same period in the prior year, the firm posted $0.14 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities research analysts forecast that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s dividend payout ratio is 857.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PCH. Truist Financial upped their target price 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 raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Finally, Bank of America raised shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Thursday, September 12th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, PotlatchDeltic presently has an average rating of “Hold” and an average price target of $48.67.

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.