Comprehensive Money Management Services LLC purchased a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,320 shares of the real estate investment trust's stock, valued at approximately $366,000.
A number of other institutional investors also recently added to or reduced their stakes in PCH. EagleClaw Capital Managment LLC raised its stake in shares of PotlatchDeltic by 0.5% in the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust's stock worth $2,442,000 after buying an additional 300 shares in the last quarter. Capital Square LLC increased its position in shares of PotlatchDeltic by 0.8% in the fourth quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust's stock worth $1,711,000 after acquiring an additional 337 shares in the last quarter. Xponance Inc. raised its holdings in shares of PotlatchDeltic by 4.3% during the fourth quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock valued at $420,000 after acquiring an additional 446 shares during the period. Quarry LP lifted its position in shares of PotlatchDeltic by 224.2% in the 4th quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 482 shares in the last quarter. Finally, Fiduciary Counselling Inc. grew its position in PotlatchDeltic by 0.5% during the 4th quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust's stock worth $4,581,000 after purchasing an additional 607 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.
Wall Street Analyst Weigh In
PCH has been the subject of a number of research analyst reports. Wall Street Zen upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. DA Davidson set a $54.00 price target on PotlatchDeltic in a research report on Wednesday, January 29th. Finally, 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, PotlatchDeltic has a consensus rating of "Moderate Buy" and an average target price of $48.43.
Get Our Latest Stock Analysis on PotlatchDeltic
PotlatchDeltic Stock Up 0.2%
PCH stock traded up $0.09 during mid-day trading on Thursday, hitting $39.24. The stock had a trading volume of 330,561 shares, compared to its average volume of 470,595. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 140.14 and a beta of 1.16. The company has a fifty day moving average of $40.05 and a 200 day moving average of $41.98. PotlatchDeltic Co. has a 1-year low of $36.82 and a 1-year high of $48.12. 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 released its quarterly 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. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The company had revenue of $268.26 million during the quarter, compared to the consensus estimate of $243.68 million. The company's revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.
PotlatchDeltic Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.80 annualized dividend and a yield of 4.59%. PotlatchDeltic's payout ratio is 295.08%.
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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