Baker Ellis Asset Management LLC Sells 320 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Baker Ellis Asset Management LLC lowered its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 3.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,611 shares of the real estate investment trust’s stock after selling 320 shares during the period. Baker Ellis Asset Management LLC’s holdings in PotlatchDeltic were worth $338,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quarry LP acquired a new stake in PotlatchDeltic during the second quarter worth approximately $82,000. Systematic Financial Management LP acquired a new stake in PotlatchDeltic during the third quarter worth approximately $166,000. FMR LLC lifted its position in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 733 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in PotlatchDeltic during the third quarter worth approximately $219,000. Finally, Versor Investments LP acquired a new stake in PotlatchDeltic during the third quarter worth approximately $257,000. Institutional investors own 86.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on PCH shares. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, December 23rd. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research report on Friday, December 6th. StockNews.com downgraded shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a research report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Finally, Citigroup dropped their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.83.

PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH opened at $42.09 on Friday. The company’s 50 day simple moving average is $41.49 and its 200 day simple moving average is $42.27. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 200.43 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $255.10 million for the quarter, compared to analysts’ expectations of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.14 earnings per share. As a group, research analysts predict that PotlatchDeltic Co. will post 0.21 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.28%. PotlatchDeltic’s payout ratio is presently 857.14%.

About PotlatchDeltic

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.