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

Baker Ellis Asset Management LLC lessened its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PCH. Dimensional Fund Advisors LP bought a new stake in shares of PotlatchDeltic in the second quarter worth $1,479,000. Renaissance Technologies LLC grew its stake in shares of PotlatchDeltic by 2,054.5% in the second quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after purchasing an additional 98,123 shares during the last quarter. AE Wealth Management LLC bought a new stake in shares of PotlatchDeltic in the second quarter worth $454,000. Pacer Advisors Inc. grew its stake in shares of PotlatchDeltic by 64.2% in the second quarter. Pacer Advisors Inc. now owns 19,413 shares of the real estate investment trust’s stock worth $765,000 after purchasing an additional 7,592 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of PotlatchDeltic by 36.7% in the second quarter. Sei Investments Co. now owns 162,792 shares of the real estate investment trust’s stock worth $6,412,000 after purchasing an additional 43,743 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Price Performance

Shares of NASDAQ PCH opened at $42.09 on Friday. The firm’s 50-day moving average price is $41.49 and its 200-day moving average price is $42.27. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $47.65. The firm has a market capitalization of $3.32 billion, a P/E ratio of 200.43 and a beta of 1.16. 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 announced 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. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm had revenue of $255.10 million for the quarter, compared to analyst estimates of $241.35 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts anticipate that PotlatchDeltic Co. will post 0.21 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research note on Friday, December 6th. Citigroup dropped their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday, October 30th. Finally, StockNews.com lowered shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, PotlatchDeltic currently has an average rating of “Moderate Buy” and a consensus price target of $47.83.

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.