D. E. Shaw & Co. Inc. increased its stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 43.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,514 shares of the real estate investment trust's stock after purchasing an additional 35,664 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.15% of PotlatchDeltic worth $4,652,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. EagleClaw Capital Managment LLC boosted its position in shares of PotlatchDeltic by 0.5% during the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust's stock valued at $2,442,000 after purchasing an additional 300 shares in the last quarter. Capital Square LLC boosted its position in shares of PotlatchDeltic by 0.8% during the 4th quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust's stock valued at $1,711,000 after purchasing an additional 337 shares in the last quarter. Xponance Inc. boosted its position in shares of PotlatchDeltic by 4.3% during the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock valued at $420,000 after purchasing an additional 446 shares in the last quarter. Quarry LP boosted its position in shares of PotlatchDeltic by 224.2% during the 4th 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 in the last quarter. Finally, Fiduciary Counselling Inc. boosted its position in shares of PotlatchDeltic by 0.5% during the 4th quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust's stock valued at $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.
PotlatchDeltic Trading Down 0.3%
PCH stock traded down $0.11 during mid-day trading on Friday, reaching $38.28. 540,759 shares of the stock traded hands, compared to its average volume of 467,927. 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 Co. has a 52-week low of $36.82 and a 52-week high of $48.12. The company has a market cap of $3.01 billion, a P/E ratio of 136.71 and a beta of 1.16. The stock's fifty day moving average is $40.44 and its 200-day moving average is $42.05.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.13. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The company had revenue of $268.26 million during the quarter, compared to analyst estimates of $243.68 million. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.
PotlatchDeltic Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, June 6th. PotlatchDeltic's dividend payout ratio (DPR) is 295.08%.
Analysts Set New Price Targets
PCH has been the subject of several research reports. Truist Financial reduced their price objective on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Finally, Wall Street Zen upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $48.43.
Read Our Latest Stock Analysis on PotlatchDeltic
About PotlatchDeltic
(
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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