Point72 Asia Singapore Pte. Ltd. Acquires Shares of 19,757 PotlatchDeltic Co. (NASDAQ:PCH)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 19,757 shares of the real estate investment trust’s stock, valued at approximately $890,000.

Other hedge funds also recently made changes to their positions in the company. MQS Management LLC acquired a new position in shares of PotlatchDeltic in the 3rd quarter worth approximately $771,000. Renaissance Technologies LLC grew its position 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 acquiring an additional 98,123 shares in the last quarter. Foresight Group Ltd Liability Partnership grew its position 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 acquiring an additional 35,494 shares in the last quarter. Quest Partners LLC grew its position 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 acquiring an additional 18,837 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of PotlatchDeltic by 4,404.9% in the 3rd quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock worth $905,000 after acquiring an additional 19,646 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

PotlatchDeltic Stock Down 0.0 %

Shares of PotlatchDeltic stock opened at $44.84 on Monday. The business’s fifty day moving average price is $43.13 and its two-hundred day moving average price is $42.33. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.93. The company has a market capitalization of $3.53 billion, a P/E ratio of 213.52 and a beta of 1.14. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results 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 firm had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. As a group, research analysts forecast that PotlatchDeltic Co. will post 0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Thursday, September 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Truist Financial raised their price target on PotlatchDeltic from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th.

PotlatchDeltic 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.