PotlatchDeltic Co. (NASDAQ:PCH) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio increased its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,631 shares of the real estate investment trust's stock after buying an additional 6,383 shares during the quarter. Public Employees Retirement System of Ohio owned 0.12% of PotlatchDeltic worth $3,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in PotlatchDeltic during the 4th quarter valued at about $217,145,000. Legal & General Group Plc grew its stake in PotlatchDeltic by 4.0% during the 4th quarter. Legal & General Group Plc now owns 2,498,762 shares of the real estate investment trust's stock valued at $98,076,000 after purchasing an additional 95,485 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in PotlatchDeltic by 12.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust's stock valued at $94,360,000 after purchasing an additional 260,674 shares during the last quarter. Deprince Race & Zollo Inc. grew its stake in PotlatchDeltic by 17.5% during the 4th quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust's stock valued at $92,623,000 after purchasing an additional 351,777 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in PotlatchDeltic by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock valued at $60,554,000 after purchasing an additional 70,745 shares during the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PCH shares. Citigroup dropped their price target on PotlatchDeltic from $49.00 to $47.00 and set a "buy" rating on the stock in a research note on Tuesday. 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 note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.57.

PotlatchDeltic Stock Performance

Shares of PCH stock traded up $0.09 on Wednesday, hitting $38.89. The company had a trading volume of 53,891 shares, compared to its average volume of 470,691. The firm has a market cap of $3.06 billion, a P/E ratio of 138.86 and a beta of 1.16. The company has a 50-day moving average price of $39.59 and a 200-day moving average price of $41.90. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. PotlatchDeltic Co. has a twelve month low of $36.82 and a twelve month high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $268.26 million during the quarter, compared to analysts' expectations of $243.68 million. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The company's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities research analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.80 annualized dividend and a dividend yield of 4.63%. PotlatchDeltic's dividend payout ratio (DPR) is presently 295.08%.

PotlatchDeltic Company Profile

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.