Nomura Holdings Inc. Takes $678,000 Position in PotlatchDeltic Co. (NASDAQ:PCH)

Nomura Holdings Inc. acquired a new stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 17,273 shares of the real estate investment trust's stock, valued at approximately $678,000.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PCH shares. Wall Street Zen raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. Finally, Truist Financial decreased their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PotlatchDeltic currently has an average rating of "Moderate Buy" and a consensus target price of $48.43.

PotlatchDeltic Price Performance

Shares of NASDAQ PCH traded down $0.11 during midday trading on Monday, reaching $38.28. The company's stock had a trading volume of 540,759 shares, compared to its average volume of 468,700. PotlatchDeltic Co. has a one year low of $36.82 and a one year high of $48.12. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 136.71 and a beta of 1.16. The company has a 50 day moving average price of $40.44 and a 200 day moving average price of $42.05. 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 posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $243.68 million. The business's quarterly revenue was up 17.6% compared to the same quarter last year. On average, equities research analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, June 6th. PotlatchDeltic's dividend payout ratio is 295.08%.

About PotlatchDeltic

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.