ProShare Advisors LLC Purchases 7,588 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

ProShare Advisors LLC grew its position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 41.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,727 shares of the real estate investment trust's stock after acquiring an additional 7,588 shares during the quarter. ProShare Advisors LLC's holdings in PotlatchDeltic were worth $1,010,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP lifted its position in shares of PotlatchDeltic by 224.2% in the 4th quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 482 shares during the period. Fifth Third Bancorp lifted its position in shares of PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 818 shares during the period. Sterling Capital Management LLC lifted its position in shares of PotlatchDeltic by 806.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after acquiring an additional 2,227 shares during the period. GeoWealth Management LLC bought a new stake in shares of PotlatchDeltic in the 4th quarter worth approximately $131,000. Finally, KBC Group NV raised its holdings in shares of PotlatchDeltic by 67.3% in the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock worth $145,000 after buying an additional 1,483 shares in the last quarter. Institutional investors own 86.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Truist Financial dropped 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. Finally, DA Davidson set a $54.00 target price on PotlatchDeltic in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $48.43.

PotlatchDeltic Trading Up 2.8%

PCH stock traded up $1.09 during midday trading on Tuesday, hitting $39.37. 191,044 shares of the company's stock were exchanged, compared to its average volume of 467,626. The stock's fifty day moving average price is $40.29 and its 200-day moving average price is $42.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. The company has a market cap of $3.09 billion, a PE ratio of 140.64 and a beta of 1.16. PotlatchDeltic Co. has a one year low of $36.82 and a one year high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.13. The firm had revenue of $268.26 million for the quarter, compared to analyst estimates of $243.68 million. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. Research analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal 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 is Friday, June 6th. This represents a $1.80 annualized dividend and a yield of 4.57%. PotlatchDeltic's dividend payout ratio is presently 295.08%.

PotlatchDeltic 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.