Potlatchdeltic Corp (NASDAQ:PCH) Shares Sold by Mason Street Advisors LLC

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Mason Street Advisors LLC decreased its position in shares of Potlatchdeltic Corp (NASDAQ:PCH) by 2.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,234 shares of the real estate investment trust’s stock after selling 792 shares during the period. Mason Street Advisors LLC owned about 0.05% of Potlatchdeltic worth $1,448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PCH. Nisa Investment Advisors LLC lifted its stake in Potlatchdeltic by 21.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 25,744 shares of the real estate investment trust’s stock worth $1,004,000 after acquiring an additional 4,598 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Potlatchdeltic by 1.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 27,438 shares of the real estate investment trust’s stock worth $1,070,000 after acquiring an additional 488 shares in the last quarter. Foundry Partners LLC lifted its stake in Potlatchdeltic by 11.0% during the 2nd quarter. Foundry Partners LLC now owns 47,204 shares of the real estate investment trust’s stock worth $1,840,000 after acquiring an additional 4,659 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Potlatchdeltic by 18.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 25,714 shares of the real estate investment trust’s stock worth $1,002,000 after acquiring an additional 3,948 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in Potlatchdeltic by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 49,054 shares of the real estate investment trust’s stock worth $1,912,000 after acquiring an additional 322 shares in the last quarter. 89.62% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. Royal Bank of Canada lowered Potlatchdeltic from an “outperform” rating to a “sector perform” rating and set a $42.00 target price on the stock. in a research note on Wednesday, July 31st. TheStreet lowered Potlatchdeltic from a “b” rating to a “c+” rating in a research note on Monday, October 28th. Zacks Investment Research upgraded Potlatchdeltic from a “sell” rating to a “hold” rating in a report on Thursday. Bank of America set a $47.00 price target on Potlatchdeltic and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, ValuEngine upgraded Potlatchdeltic from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $43.67.

Shares of NASDAQ PCH opened at $43.57 on Monday. The stock’s 50-day moving average is $42.17 and its two-hundred day moving average is $39.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.17. Potlatchdeltic Corp has a 1-year low of $28.07 and a 1-year high of $44.69. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 19.11 and a beta of 1.39.

Potlatchdeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. Potlatchdeltic had a return on equity of 3.60% and a net margin of 5.48%. The company had revenue of $226.30 million for the quarter, compared to the consensus estimate of $234.95 million. During the same quarter in the prior year, the business earned $0.87 EPS. Potlatchdeltic’s revenue was down 21.7% on a year-over-year basis. Equities research analysts anticipate that Potlatchdeltic Corp will post 0.78 earnings per share for the current fiscal year.

Potlatchdeltic Company Profile

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program.

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Institutional Ownership by Quarter for Potlatchdeltic (NASDAQ:PCH)

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