Jump Financial LLC purchased a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 7,404 shares of the real estate investment trust’s stock, valued at approximately $336,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Intrepid Capital Management Inc. bought a new stake in shares of PotlatchDeltic in the 2nd quarter valued at $30,000. Millburn Ridgefield Corp bought a new stake in shares of PotlatchDeltic in the 3rd quarter valued at $28,000. Steward Partners Investment Advisory LLC increased its stake in shares of PotlatchDeltic by 490.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 903 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 750 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of PotlatchDeltic by 43.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 305 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of PotlatchDeltic by 46.7% in the 3rd quarter. CENTRAL TRUST Co now owns 1,281 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 408 shares in the last quarter. Institutional investors own 85.76% of the company’s stock.
PotlatchDeltic Price Performance
PCH opened at $45.43 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.14. The company has a market capitalization of $3.63 billion, a price-to-earnings ratio of 59.00 and a beta of 1.16. The firm’s fifty day moving average price is $47.04 and its two-hundred day moving average price is $46.71. PotlatchDeltic Co. has a 1 year low of $41.31 and a 1 year high of $54.44.
PotlatchDeltic Dividend Announcement
Analysts Set New Price Targets
A number of analysts have commented on the stock. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Truist Financial decreased their price target on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, January 31st. TheStreet lowered shares of PotlatchDeltic from a “b-” rating to a “c” rating in a research note on Monday, October 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $48.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 31st. Finally, Raymond James downgraded shares of PotlatchDeltic from a “strong-buy” rating to a “market perform” rating in a report on Monday, November 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.33.
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.
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