BNP Paribas Financial Markets cut its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 41.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,848 shares of the real estate investment trust's stock after selling 29,150 shares during the quarter. BNP Paribas Financial Markets owned about 0.05% of PotlatchDeltic worth $1,643,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP increased its holdings in shares of PotlatchDeltic by 224.2% during the fourth 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. Fifth Third Bancorp increased its holdings in shares of PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 818 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of 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 valued at $98,000 after acquiring an additional 2,227 shares in the last quarter. GeoWealth Management LLC bought a new position in shares of PotlatchDeltic during the fourth quarter valued at $131,000. Finally, KBC Group NV increased its holdings in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock valued at $145,000 after acquiring an additional 1,483 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on PCH. Truist Financial reduced their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. DA Davidson set a $54.00 price target on PotlatchDeltic in a research note on Wednesday, January 29th. Finally, Wall Street Zen raised PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, PotlatchDeltic presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.43.
Check Out Our Latest Analysis on PCH
PotlatchDeltic Trading Down 0.3%
Shares of NASDAQ PCH traded down $0.11 during trading hours on Friday, hitting $38.28. 540,759 shares of the company traded hands, compared to its average volume of 468,700. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 136.71 and a beta of 1.16. 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 company's 50 day moving average price is $40.44 and its 200 day moving average price is $42.05. 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 released its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. The firm had revenue of $268.26 million for the quarter, compared to the consensus estimate of $243.68 million. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The business's quarterly revenue was up 17.6% on a year-over-year basis. On average, equities research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.
PotlatchDeltic Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.70%. The ex-dividend date is Friday, June 6th. PotlatchDeltic's dividend payout ratio (DPR) is presently 295.08%.
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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