Deutsche Bank AG reduced its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,762 shares of the real estate investment trust's stock after selling 84,710 shares during the quarter. Deutsche Bank AG owned 0.20% of PotlatchDeltic worth $6,231,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Quarry LP boosted 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 stake in shares of PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 818 shares during the period. Sterling Capital Management LLC boosted its stake in shares of PotlatchDeltic by 806.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock valued at $98,000 after purchasing an additional 2,227 shares during the period. GeoWealth Management LLC purchased a new position in shares of PotlatchDeltic in the fourth quarter valued at $131,000. Finally, KBC Group NV boosted its stake in shares of PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 1,483 shares during the period. 86.06% of the stock is currently owned by hedge funds and other institutional investors.
PotlatchDeltic Stock Down 0.3%
NASDAQ PCH traded down $0.11 during trading hours on Friday, reaching $38.28. 540,759 shares of the company traded hands, compared to its average volume of 467,927. PotlatchDeltic Co. has a 12 month low of $36.82 and a 12 month 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. The stock has a market capitalization of $3.01 billion, a PE ratio of 136.71 and a beta of 1.16. The company has a 50 day moving average of $40.44 and a two-hundred day moving average of $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 firm had revenue of $268.26 million for the quarter, compared to the consensus estimate of $243.68 million. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.
PotlatchDeltic Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.70%. PotlatchDeltic's dividend payout ratio (DPR) is 295.08%.
Analysts Set New Price Targets
Several research analysts have recently weighed in 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. DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Finally, Wall Street Zen upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, PotlatchDeltic has an average rating of "Moderate Buy" and an average target price of $48.43.
Get Our Latest Analysis on PotlatchDeltic
PotlatchDeltic Profile
(
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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