CoreCommodity Management LLC Acquires 19,862 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

CoreCommodity Management LLC raised its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 149.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 33,185 shares of the real estate investment trust's stock after acquiring an additional 19,862 shares during the period. CoreCommodity Management LLC's holdings in PotlatchDeltic were worth $1,303,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP increased its stake in shares of PotlatchDeltic by 224.2% in the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 482 shares during the period. Fifth Third Bancorp boosted its holdings in PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock worth $44,000 after buying an additional 818 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in PotlatchDeltic by 806.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after buying an additional 2,227 shares in the last quarter. GeoWealth Management LLC bought a new stake in PotlatchDeltic during the fourth quarter worth approximately $131,000. Finally, KBC Group NV boosted its stake in PotlatchDeltic by 67.3% in the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 1,483 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of 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 raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Citigroup decreased their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Finally, DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, PotlatchDeltic currently has a consensus rating of "Moderate Buy" and an average price target of $48.43.

PotlatchDeltic Trading Up 4.4%

Shares of PCH traded up $1.69 on Monday, reaching $39.89. 259,457 shares of the company's stock were exchanged, compared to its average volume of 460,336. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.14 billion, a P/E ratio of 142.24 and a beta of 1.16. The business has a 50 day moving average price of $41.64 and a two-hundred day moving average price of $42.22. PotlatchDeltic Co. has a 12 month low of $36.82 and a 12 month high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its 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 the consensus estimate of $243.68 million. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The business's revenue was up 17.6% compared to the same quarter last year. Research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 6th. This represents a $1.80 annualized dividend and a dividend yield of 4.51%. PotlatchDeltic's dividend payout ratio is currently 295.08%.

PotlatchDeltic Company 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.