In the most recent report that PotlatchDeltic Co. submitted to the Securities and Exchange Commission (SEC), the company stated that during the third quarter of 2018, the State of New Jersey Common Pension Fund D increased the number of shares that it held in PotlatchDeltic Co. PCH is represented on the NASDAQ stock market by the ticker symbol. The corporation’s stock holdings in the real estate investment trust reached a total of 50,840 shares after purchasing an additional 8,139 shares during the relevant period. This brought the corporation’s total number of shares to 50,840. The most recent filing with the SEC reveals that the State of New Jersey Common Pension Fund D owns 0.07% of PotlatchDeltic, which has a current market value of $2,086,000.
Recent months have seen several additional institutional investors make changes to the percentage of the company’s stock that is held by each of their respective institutions. Accel Wealth Management made a purchase of stock in PotlatchDeltic that was valued at $27,000 during the third quarter of the fiscal year. Harel Insurance Investments & Financial Services Ltd. increased the amount of PotlatchDeltic stock owned by 50.0% over the second quarter. As a result of the company’s purchase of an additional 300 shares in the preceding quarter, Harel Insurance Investments & Financial Services Ltd. now holds a total of 900 shares of the real estate investment trust, each of which has a value of $40,000. This brings the total value of the company’s holdings to $80,000. During the third quarter of the fiscal year, Wipfli Financial Advisors LLC contributed to PotlatchDeltic $43,000. During the second quarter of the financial year, EverSource Wealth Advisors, LLC, provided PotlatchDeltic with a financial contribution of $58,000. Not to mention, during the second quarter, Parallel Advisors LLC made a 144.1% increase in the amount of PotlatchDeltic stock it owned, making it the last point on this list. Due to the purchase of 981 additional shares during the most recent quarter, Parallel Advisors LLC now has 1,662 shares of the real estate investment trust in its possession. The current value of these shares is $73,000. Currently, 80.36% of the company’s shares are owned by various institutional investors, such as hedge funds and other investment companies.
PCH stock was first traded on Thursday for $44.36. Thursday was the first day of trading for PCH. The company has a value of $3.58 billion, an earnings-to-price ratio of 8.39, and a beta value of 1.14. These metrics determine its value. The price of PotlatchDeltic Co. at the time of this writing represents a 52-week low of $39.10, while the price at the time of this writing represents a 52-week high of $58.13. The current price of a share of the company’s stock is trading at a 50-day moving average of $45.81 and a 200-day moving average of $45.48. The ratio of the current ratio to the quick ratio is 3.59, while the ratio of the quick ratio to the current ratio is 3.99. The ratio of debt to equity is 0.41.
On Monday, October 24th, the most recent quarterly earnings report for PotlatchDeltic (NASDAQ: PCH) was made available to the public. The real estate investment trust (REIT) reported profits of $0.74 per share for the quarter, which is $0.10 higher than the consensus expectation of $0.64 per share for the period. The company’s quarterly sales came in at $306.69 million, which is significantly higher than the industry analysts’ projections of $298.09 million for the company’s sales for the quarter. The return on equity for PotlatchDeltic was 20.34 percent, and the company’s net margin was 27.84 percent. In comparison to the previous year, PotlatchDeltic experienced a growth in quarterly revenue that was 6.7% higher. Compared to the previous year’s results for the same quarter, the company’s earnings per share came in at $0.92. Sell-side analysts forecast that PotlatchDeltic Company will record earnings of $4.94 per share in 2018, which is expected to be the company’s best year yet.
In addition, the business just recently announced and proceeded with the distribution of an exceptional dividend, which was paid out on December 31st. A dividend payment of $0.95 was distributed to shareholders of record on Wednesday, December 21st. As a result of this, we obtain a yield of 4%.On December 20th, a Tuesday, the dividend was disbursed to shareholders. This event took place. At this time, PotlatchDeltic’s dividend payout ratio (also known as DPR) stands at 34.03%.
Recently, reports on PCH have been published by a few different brokerage companies. These papers are located at this location. Bank of America stated in a research note published on Thursday, October 13th, that the target price they have set for PotlatchDeltic shares has increased from $53.00 to $55.00. The announcement was made regarding the increase in the target price. In a research note published on Tuesday, October 18th, the Royal Bank of Canada increased their price objective for PotlatchDeltic from $50.00 to $55.00 and upgraded the stock from “sector perform” to “outperform.” Both of these upgrades were made concerning the stock. DA Davidson stated in a research note published on Thursday, October 27th, that they were decreasing their target price on PotlatchDeltic shares to $57.00. On October 12th, a Wednesday, coverage of PotlatchDeltic shares was first introduced by StockNews.com. This brings us to our final and most important point. They advised their clients to “hold” the stock moving forward. Two of the research experts polled suggested that investors maintain their current holdings in the stock. In contrast, three analysts suggested that investors purchase the stock, and one suggested a strong purchase. The stock is currently rated as a “Moderate Buy” by the consensus, and the average price objective for t