AQR Capital Management LLC boosted its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 249.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 211,154 shares of the real estate investment trust's stock after buying an additional 150,745 shares during the period. AQR Capital Management LLC owned approximately 0.27% of PotlatchDeltic worth $8,288,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in PotlatchDeltic by 27.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock valued at $44,960,000 after acquiring an additional 245,026 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of PotlatchDeltic by 4.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust's stock valued at $6,364,000 after purchasing an additional 7,567 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of PotlatchDeltic by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock worth $60,554,000 after acquiring an additional 70,745 shares during the period. New York State Common Retirement Fund boosted its stake in PotlatchDeltic by 17.3% in the 4th quarter. New York State Common Retirement Fund now owns 271,698 shares of the real estate investment trust's stock worth $10,664,000 after purchasing an additional 40,058 shares during the period. Finally, Stephens Inc. AR increased its position in shares of PotlatchDeltic by 9.0% during the fourth quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock valued at $314,000 after buying an additional 662 shares during the period. 86.06% of the stock is owned by institutional investors.
PotlatchDeltic Stock Performance
Shares of NASDAQ PCH traded up $1.59 during trading on Monday, reaching $39.79. 102,724 shares of the company traded hands, compared to its average volume of 459,769. The firm has a 50 day simple moving average of $41.64 and a 200-day simple moving average of $42.22. PotlatchDeltic Co. has a 52-week low of $36.82 and a 52-week high of $48.12. The stock has a market capitalization of $3.13 billion, a PE ratio of 140.89 and a beta of 1.16. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The company had revenue of $268.26 million for the quarter, compared to analysts' expectations of $243.68 million. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The company's quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.
PotlatchDeltic Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given 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 4.52%. PotlatchDeltic's payout ratio is 295.08%.
Analyst Ratings Changes
PCH has been the subject of several research reports. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Citigroup decreased their price objective on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Truist Financial dropped their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Finally, DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, PotlatchDeltic presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.43.
Read Our Latest Stock Report on PCH
PotlatchDeltic Company Profile
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Free Report)
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.
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