Intrepid Capital Management Inc. Sells 37,568 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Intrepid Capital Management Inc. lowered its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 47.3% during the second quarter, HoldingsChannel.com reports. The fund owned 41,880 shares of the real estate investment trust’s stock after selling 37,568 shares during the quarter. Intrepid Capital Management Inc.’s holdings in PotlatchDeltic were worth $2,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. boosted its position in PotlatchDeltic by 3.8% during the first quarter. BlackRock Inc. now owns 8,669,780 shares of the real estate investment trust’s stock valued at $458,804,000 after acquiring an additional 317,880 shares during the last quarter. Geode Capital Management LLC boosted its position in PotlatchDeltic by 10.0% during the first quarter. Geode Capital Management LLC now owns 1,481,090 shares of the real estate investment trust’s stock valued at $78,379,000 after acquiring an additional 134,596 shares during the last quarter. Nuveen Asset Management LLC boosted its position in PotlatchDeltic by 166.1% during the first quarter. Nuveen Asset Management LLC now owns 1,027,707 shares of the real estate investment trust’s stock valued at $54,386,000 after acquiring an additional 641,446 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of PotlatchDeltic by 17.7% during the first quarter. Westwood Holdings Group Inc. now owns 929,285 shares of the real estate investment trust’s stock valued at $49,178,000 after purchasing an additional 139,448 shares during the period. Finally, Prudential Financial Inc. raised its holdings in shares of PotlatchDeltic by 38.6% during the first quarter. Prudential Financial Inc. now owns 845,380 shares of the real estate investment trust’s stock valued at $44,738,000 after purchasing an additional 235,572 shares during the period. 82.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of PCH stock traded up $0.34 during trading hours on Monday, hitting $53.85. 4,794 shares of the company were exchanged, compared to its average volume of 462,807. PotlatchDeltic Co. has a 52-week low of $38.46 and a 52-week high of $65.67. The company has a current ratio of 4.53, a quick ratio of 4.03 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $51.82 and a 200 day simple moving average of $54.68. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 7.24 and a beta of 1.28.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Sunday, July 25th. The real estate investment trust reported $2.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.11. PotlatchDeltic had a return on equity of 35.78% and a net margin of 34.43%. During the same period in the prior year, the company earned $0.04 earnings per share. Sell-side analysts anticipate that PotlatchDeltic Co. will post 6.56 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date is Tuesday, September 14th. PotlatchDeltic’s dividend payout ratio is currently 55.78%.

Several equities analysts have recently weighed in on the stock. Raymond James dropped their price objective on shares of PotlatchDeltic from $75.00 to $70.00 and set a “strong-buy” rating on the stock in a report on Friday, August 27th. Zacks Investment Research upgraded shares of PotlatchDeltic from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 7th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $65.33.

PotlatchDeltic Company Profile

PotlatchDeltic Corp. operates as a real estate investment trust. The firm engages in the ownership and management of acres of timberlands. It operates through the following segments: Timberlands, Wood Products and Real Estate. The Timberland segment sells delivered logs, pulpwood, sawlogs, and stumpage.

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Institutional Ownership by Quarter for PotlatchDeltic (NASDAQ:PCH)

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