Algert Global LLC Purchases New Shares in PotlatchDeltic Co. (NASDAQ:PCH)

Algert Global LLC purchased a new stake in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,218 shares of the real estate investment trust's stock, valued at approximately $283,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in PotlatchDeltic in the 4th quarter worth about $217,145,000. JPMorgan Chase & Co. increased its position in PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock worth $44,960,000 after purchasing an additional 245,026 shares during the last quarter. Ceredex Value Advisors LLC increased its position in PotlatchDeltic by 90.6% in the 4th quarter. Ceredex Value Advisors LLC now owns 333,500 shares of the real estate investment trust's stock worth $13,090,000 after purchasing an additional 158,500 shares during the last quarter. AQR Capital Management LLC increased its position in PotlatchDeltic by 249.5% in the 4th quarter. AQR Capital Management LLC now owns 211,154 shares of the real estate investment trust's stock worth $8,288,000 after purchasing an additional 150,745 shares during the last quarter. Finally, Northern Trust Corp increased its position in PotlatchDeltic by 8.7% in the 4th quarter. Northern Trust Corp now owns 1,233,250 shares of the real estate investment trust's stock worth $48,405,000 after purchasing an additional 98,914 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Stock Performance

NASDAQ:PCH traded up $0.29 during mid-day trading on Friday, hitting $40.37. 565,785 shares of the company's stock traded hands, compared to its average volume of 463,933. The firm has a 50 day moving average of $41.03 and a two-hundred day moving average of $42.16. PotlatchDeltic Co. has a 12 month low of $36.82 and a 12 month high of $48.12. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 144.18 and a beta of 1.16. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. The firm had revenue of $268.26 million during the quarter, compared to analysts' expectations of $243.68 million. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The company's revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.80 annualized dividend and a yield of 4.46%. PotlatchDeltic's dividend payout ratio (DPR) is 295.08%.

Analyst Ratings Changes

Several analysts have recently issued reports on PCH shares. Truist Financial decreased their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, DA Davidson set a $54.00 price target on PotlatchDeltic in a research note on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.43.

PotlatchDeltic 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.