Nisa Investment Advisors LLC increased its stake in shares of Potlatchdeltic Corp (NASDAQ:PCH) by 36.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,169 shares of the real estate investment trust’s stock after acquiring an additional 19,041 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Potlatchdeltic were worth $2,707,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its holdings in Potlatchdeltic by 2.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the real estate investment trust’s stock valued at $635,000 after buying an additional 400 shares during the period. State of Alaska Department of Revenue increased its holdings in Potlatchdeltic by 1.8% in the 1st quarter. State of Alaska Department of Revenue now owns 30,326 shares of the real estate investment trust’s stock valued at $951,000 after buying an additional 527 shares during the period. Raymond James Trust N.A. increased its holdings in Potlatchdeltic by 7.1% in the 2nd quarter. Raymond James Trust N.A. now owns 7,967 shares of the real estate investment trust’s stock valued at $303,000 after buying an additional 527 shares during the period. Aperio Group LLC increased its holdings in Potlatchdeltic by 3.0% in the 1st quarter. Aperio Group LLC now owns 19,609 shares of the real estate investment trust’s stock valued at $616,000 after buying an additional 577 shares during the period. Finally, United Capital Financial Advisers LLC increased its holdings in Potlatchdeltic by 3.1% in the 1st quarter. United Capital Financial Advisers LLC now owns 27,435 shares of the real estate investment trust’s stock valued at $861,000 after buying an additional 837 shares during the period. 83.98% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Larry Peiros purchased 6,500 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average price of $33.00 per share, with a total value of $214,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.00% of the company’s stock.

Several equities research analysts have issued reports on PCH shares. Raymond James boosted their price target on shares of Potlatchdeltic from $38.00 to $48.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank of Canada upgraded shares of Potlatchdeltic from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $40.00 to $45.00 in a research report on Friday, July 10th. DA Davidson dropped their price objective on shares of Potlatchdeltic from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. BidaskClub raised shares of Potlatchdeltic from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Zacks Investment Research raised shares of Potlatchdeltic from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Tuesday, June 2nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $44.60.

Shares of Potlatchdeltic stock opened at $42.81 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.40 and a quick ratio of 1.04. The firm has a market cap of $2.85 billion, a P/E ratio of 164.66 and a beta of 1.33. The firm has a 50 day simple moving average of $38.94 and a 200 day simple moving average of $36.65. Potlatchdeltic Corp has a fifty-two week low of $22.40 and a fifty-two week high of $45.42.

Potlatchdeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The business had revenue of $181.56 million during the quarter, compared to analyst estimates of $173.89 million. Potlatchdeltic had a net margin of 2.17% and a return on equity of 4.19%. Potlatchdeltic’s revenue for the quarter was down 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 earnings per share. On average, sell-side analysts expect that Potlatchdeltic Corp will post 1.43 EPS for the current year.

Potlatchdeltic Company 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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