Azzad Asset Management Inc. ADV purchased a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,332 shares of the real estate investment trust's stock, valued at approximately $782,000.
Several other hedge funds and other institutional investors have also made changes to their positions in PCH. Fifth Third Bancorp lifted its holdings in PotlatchDeltic by 67.1% during the 1st quarter. Fifth Third Bancorp now owns 1,893 shares of the real estate investment trust's stock worth $85,000 after buying an additional 760 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of PotlatchDeltic in the first quarter worth $1,183,000. Harbor Capital Advisors Inc. increased its position in shares of PotlatchDeltic by 168.1% during the first quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 417 shares during the period. UMB Bank n.a. raised its stake in shares of PotlatchDeltic by 41.6% in the first quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 254 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in PotlatchDeltic by 6,678.1% in the first quarter. GAMMA Investing LLC now owns 30,366 shares of the real estate investment trust's stock valued at $1,370,000 after purchasing an additional 29,918 shares during the period. Hedge funds and other institutional investors own 86.06% of the company's stock.
PotlatchDeltic Stock Performance
PCH traded down $0.39 on Tuesday, hitting $38.27. 58,866 shares of the company traded hands, compared to its average volume of 472,761. The company has a 50 day moving average of $39.09 and a 200-day moving average of $41.63. PotlatchDeltic Co. has a 12-month low of $36.82 and a 12-month high of $48.12. The stock has a market capitalization of $3.01 billion, a PE ratio of 136.68 and a beta of 1.17. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.13. The firm had revenue of $268.26 million for the quarter, compared to analyst estimates of $243.68 million. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. PotlatchDeltic's revenue for the quarter was up 17.6% on a year-over-year basis. Sell-side analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.
PotlatchDeltic Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, June 6th. PotlatchDeltic's payout ratio is 295.08%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on PCH. Truist Financial reduced their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Citigroup reaffirmed a "buy" rating and issued a $47.00 target price (down from $49.00) on shares of PotlatchDeltic in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.57.
Read Our Latest Report on PotlatchDeltic
About PotlatchDeltic
(
Free Report)
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.
Featured Articles
Before you consider Potlatch, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Potlatch wasn't on the list.
While Potlatch currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
