Stevens First Principles Investment Advisors Grows Stock Position in Potlatchdeltic Corp (NASDAQ:PCH)

Stevens First Principles Investment Advisors boosted its position in Potlatchdeltic Corp (NASDAQ:PCH) by 0.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,771 shares of the real estate investment trust’s stock after buying an additional 283 shares during the quarter. Potlatchdeltic makes up about 3.0% of Stevens First Principles Investment Advisors’ holdings, making the stock its 11th largest position. Stevens First Principles Investment Advisors’ holdings in Potlatchdeltic were worth $5,136,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PCH. Penserra Capital Management LLC purchased a new position in shares of Potlatchdeltic in the first quarter valued at $29,000. Advisor Group Inc. grew its position in shares of Potlatchdeltic by 107.8% in the fourth quarter. Advisor Group Inc. now owns 1,253 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 650 shares in the last quarter. American Research & Management Co. purchased a new position in shares of Potlatchdeltic in the first quarter valued at $57,000. First Interstate Bank grew its position in shares of Potlatchdeltic by 319.8% in the first quarter. First Interstate Bank now owns 2,166 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Pearl River Capital LLC purchased a new position in shares of Potlatchdeltic in the first quarter valued at $84,000. 87.59% of the stock is owned by institutional investors and hedge funds.

NASDAQ:PCH traded down $0.42 during trading hours on Thursday, hitting $36.40. 22,597 shares of the company’s stock traded hands, compared to its average volume of 322,132. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 8.25 and a beta of 1.42. Potlatchdeltic Corp has a 52 week low of $28.07 and a 52 week high of $48.70. The company has a fifty day moving average of $38.64. The company has a current ratio of 1.72, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56.

Potlatchdeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.06. The company had revenue of $215.60 million during the quarter, compared to analyst estimates of $210.17 million. Potlatchdeltic had a return on equity of 6.45% and a net margin of 9.50%. The firm’s quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. As a group, equities research analysts anticipate that Potlatchdeltic Corp will post 0.93 earnings per share for the current fiscal year.

In other Potlatchdeltic news, Director John S. Moody sold 1,781 shares of Potlatchdeltic stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $33.68, for a total transaction of $59,984.08. Following the completion of the sale, the director now owns 2,617 shares of the company’s stock, valued at $88,140.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.00% of the stock is currently owned by company insiders.

Several brokerages have recently weighed in on PCH. ValuEngine cut Potlatchdeltic from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Potlatchdeltic from a “sell” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada lowered Potlatchdeltic from an “outperform” rating to a “sector perform” rating and set a $42.00 price objective for the company. in a research note on Wednesday. Vertical Research lowered Potlatchdeltic from a “buy” rating to a “hold” rating and set a $39.00 price objective for the company. in a research note on Friday, April 12th. Finally, Bank of America raised Potlatchdeltic from a “neutral” rating to a “buy” rating and set a $37.88 price objective for the company in a research note on Friday, April 5th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Potlatchdeltic currently has an average rating of “Hold” and an average price target of $43.27.

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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