Bernzott Capital Advisors Reduces Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Bernzott Capital Advisors decreased its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 165,475 shares of the real estate investment trust’s stock after selling 22,031 shares during the quarter. PotlatchDeltic comprises 3.2% of Bernzott Capital Advisors’ portfolio, making the stock its 12th biggest holding. Bernzott Capital Advisors’ holdings in PotlatchDeltic were worth $6,495,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. MQS Management LLC purchased a new stake in shares of PotlatchDeltic in the 3rd quarter worth $771,000. TCW Group Inc. purchased a new stake in shares of PotlatchDeltic in the 3rd quarter worth $1,923,000. Renaissance Technologies LLC lifted its holdings in shares of PotlatchDeltic by 2,054.5% in the 2nd quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after buying an additional 98,123 shares during the period. Quest Partners LLC lifted its holdings in shares of PotlatchDeltic by 872.1% in the 3rd quarter. Quest Partners LLC now owns 20,997 shares of the real estate investment trust’s stock worth $946,000 after buying an additional 18,837 shares during the period. Finally, Foresight Group Ltd Liability Partnership lifted 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 worth $3,321,000 after buying an additional 35,494 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Trading Up 2.2 %

Shares of NASDAQ:PCH opened at $41.83 on Friday. The business’s 50-day moving average is $41.47 and its 200 day moving average is $42.12. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $48.08. The firm has a market capitalization of $3.29 billion, a P/E ratio of 199.19 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 (NASDAQ:PCH) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) 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 return on equity of 0.78% and a net margin of 1.56%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. On average, research analysts predict that PotlatchDeltic Co. will post 0.21 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 4.30%. PotlatchDeltic’s payout ratio is presently 857.14%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 23rd. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. BMO Capital Markets raised 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. Truist Financial reduced their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, Citigroup reduced their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.83.

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.