Curi RMB Capital LLC Buys 1,578 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Curi RMB Capital LLC increased its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 335,671 shares of the real estate investment trust’s stock after buying an additional 1,578 shares during the quarter. Curi RMB Capital LLC owned 0.43% of PotlatchDeltic worth $15,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PCH. Bessemer Group Inc. boosted its stake in PotlatchDeltic by 370.7% during the first quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 556 shares in the last quarter. Independence Bank of Kentucky acquired a new position in PotlatchDeltic in the second quarter worth about $51,000. Beach Investment Counsel Inc. PA bought a new position in PotlatchDeltic during the second quarter worth about $59,000. Quarry LP acquired a new stake in PotlatchDeltic during the second quarter valued at approximately $82,000. Finally, Quest Partners LLC bought a new stake in shares of PotlatchDeltic in the 2nd quarter valued at approximately $85,000. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Stock Up 0.5 %

Shares of NASDAQ:PCH opened at $41.50 on Thursday. The company has a 50 day moving average price of $43.40 and a two-hundred day moving average price of $42.26. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.24. The company has a market capitalization of $3.27 billion, a PE ratio of 197.62 and a beta of 1.14. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The business had revenue of $255.10 million for the quarter, compared to the consensus estimate of $241.35 million. During the same quarter last year, the business posted $0.14 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. Analysts forecast that PotlatchDeltic Co. will post 0.15 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

Analyst Upgrades and Downgrades

Several analysts recently commented on PCH shares. 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 research note on Thursday, September 12th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday. Truist Financial lifted their price target on shares of PotlatchDeltic from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.67.

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.