Entropy Technologies LP Acquires 3,200 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Entropy Technologies LP increased its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 52.9% in the third quarter, Holdings Channel.com reports. The firm owned 9,248 shares of the real estate investment trust’s stock after purchasing an additional 3,200 shares during the quarter. Entropy Technologies LP’s holdings in PotlatchDeltic were worth $417,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings 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 purchasing an additional 38,461 shares in the last quarter. Vanguard Group Inc. lifted its stake in PotlatchDeltic by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock valued at $551,844,000 after acquiring an additional 57,237 shares in the last quarter. Renaissance Technologies LLC boosted its position in PotlatchDeltic by 2,054.5% during the 2nd quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after acquiring an additional 98,123 shares during the last quarter. Edgestream Partners L.P. grew its position in PotlatchDeltic by 327.6% in the first quarter. Edgestream Partners L.P. now owns 54,146 shares of the real estate investment trust’s stock valued at $2,546,000 after purchasing an additional 41,483 shares in the last quarter. Finally, Foresight Group Ltd Liability Partnership grew its holdings in shares of PotlatchDeltic by 72.7% in the 2nd quarter. Foresight Group Ltd Liability Partnership now owns 84,314 shares of the real estate investment trust’s stock valued at $3,321,000 after acquiring an additional 35,494 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PCH has been the topic of a number of analyst reports. Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Thursday, September 12th. Truist Financial upped their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, PotlatchDeltic presently has a consensus rating of “Hold” and an average target price of $48.67.

PotlatchDeltic Stock Down 0.4 %

PCH opened at $41.77 on Friday. The stock’s fifty day simple moving average is $43.37 and its 200 day simple moving average is $42.26. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $50.04. The stock has a market cap of $3.29 billion, a PE ratio of 198.90 and a beta of 1.14. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

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

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.45 per share. The ex-dividend date was Friday, September 13th. This represents a $1.80 annualized dividend and a yield of 4.31%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

PotlatchDeltic Company Profile

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.