Nuveen Asset Management LLC Sells 109,831 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Nuveen Asset Management LLC reduced its stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 342,386 shares of the real estate investment trust's stock after selling 109,831 shares during the period. Nuveen Asset Management LLC owned 0.43% of PotlatchDeltic worth $13,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of PotlatchDeltic by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,216 shares of the real estate investment trust's stock worth $1,775,000 after acquiring an additional 1,772 shares during the last quarter. Janus Henderson Group PLC increased its holdings in PotlatchDeltic by 14.3% in the 4th quarter. Janus Henderson Group PLC now owns 890,067 shares of the real estate investment trust's stock valued at $34,935,000 after buying an additional 111,508 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in shares of PotlatchDeltic by 43.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 118,514 shares of the real estate investment trust's stock valued at $4,652,000 after purchasing an additional 35,664 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in PotlatchDeltic by 17.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust's stock worth $92,623,000 after buying an additional 351,777 shares during the last quarter. Finally, CoreCommodity Management LLC increased its stake in PotlatchDeltic by 149.1% in the fourth quarter. CoreCommodity Management LLC now owns 33,185 shares of the real estate investment trust's stock valued at $1,303,000 after purchasing an additional 19,862 shares in the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Stock Down 0.1%

PCH traded down $0.05 on Friday, reaching $39.19. The company's stock had a trading volume of 984,462 shares, compared to its average volume of 472,238. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 139.96 and a beta of 1.16. PotlatchDeltic Co. has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The stock has a 50 day moving average of $39.83 and a two-hundred day moving average of $41.95. 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 (NASDAQ:PCH - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The business had revenue of $268.26 million during 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 revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, analysts forecast that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.80 annualized dividend and a yield of 4.59%. PotlatchDeltic's dividend payout ratio is currently 295.08%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Truist Financial lowered their price target on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen raised shares of 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 issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.43.

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.