Zurcher Kantonalbank Zurich Cantonalbank Has $141,000 Holdings in Potlatchdeltic Corp (PCH)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Potlatchdeltic Corp (NASDAQ:PCH) by 14.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,726 shares of the real estate investment trust’s stock after selling 621 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Potlatchdeltic were worth $141,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PCH. LS Investment Advisors LLC raised its holdings in shares of Potlatchdeltic by 10.3% in the 4th quarter. LS Investment Advisors LLC now owns 3,729 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 348 shares during the period. Forsta AP Fonden raised its holdings in Potlatchdeltic by 6.8% during the 4th quarter. Forsta AP Fonden now owns 6,085 shares of the real estate investment trust’s stock valued at $193,000 after acquiring an additional 385 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in Potlatchdeltic by 9.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 395 shares during the period. Neuburgh Advisers LLC raised its holdings in Potlatchdeltic by 6.5% during the 4th quarter. Neuburgh Advisers LLC now owns 7,172 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 440 shares during the period. Finally, Blackhill Capital Inc. raised its holdings in Potlatchdeltic by 6.8% during the 4th quarter. Blackhill Capital Inc. now owns 8,540 shares of the real estate investment trust’s stock valued at $270,000 after acquiring an additional 540 shares during the period. Institutional investors and hedge funds own 88.91% of the company’s stock.

PCH has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Potlatchdeltic from a “buy” rating to a “strong sell” rating in a research report on Friday, May 3rd. Vertical Research lowered shares of Potlatchdeltic from a “buy” rating to a “hold” rating and set a $39.00 price target for the company. in a research report on Friday, April 12th. Bank of America upgraded shares of Potlatchdeltic from a “neutral” rating to a “buy” rating and set a $37.88 price target for the company in a research report on Friday, April 5th. Seaport Global Securities initiated coverage on shares of Potlatchdeltic in a research report on Tuesday, April 2nd. They set a “buy” rating and a $45.00 price target for the company. Finally, BidaskClub upgraded shares of Potlatchdeltic from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Potlatchdeltic currently has an average rating of “Hold” and an average target price of $43.48.

Potlatchdeltic stock traded down $0.14 during mid-day trading on Wednesday, hitting $36.32. The company’s stock had a trading volume of 3,056 shares, compared to its average volume of 478,197. The company has a quick ratio of 1.19, a current ratio of 1.72 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2.53 billion, a PE ratio of 15.88, a P/E/G ratio of 8.09 and a beta of 1.32. Potlatchdeltic Corp has a 12 month low of $28.07 and a 12 month high of $52.65.

Potlatchdeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. The business had revenue of $181.72 million during the quarter, compared to the consensus estimate of $179.89 million. Potlatchdeltic had a net margin of 12.01% and a return on equity of 8.66%. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, equities analysts expect that Potlatchdeltic Corp will post 0.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.41%. The ex-dividend date is Thursday, June 6th. Potlatchdeltic’s dividend payout ratio is presently 70.18%.

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Potlatchdeltic Profile

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program.

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Institutional Ownership by Quarter for Potlatchdeltic (NASDAQ:PCH)

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