PotlatchDeltic Co. (NASDAQ:PCH) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 41.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,727 shares of the real estate investment trust's stock after purchasing an additional 7,588 shares during the quarter. ProShare Advisors LLC's holdings in PotlatchDeltic were worth $1,010,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PCH. Barclays PLC raised its stake in PotlatchDeltic by 147.7% in the 3rd quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust's stock valued at $7,378,000 after purchasing an additional 97,655 shares during the last quarter. Fifth Third Bancorp raised its position in shares of PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 818 shares during the last quarter. KBC Group NV lifted its stake 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 buying an additional 1,483 shares during the period. Stephens Inc. AR lifted its stake in shares of PotlatchDeltic by 9.0% during the fourth quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock valued at $314,000 after buying an additional 662 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in PotlatchDeltic by 4.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust's stock worth $6,364,000 after acquiring an additional 7,567 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

PotlatchDeltic Trading Down 0.7%

NASDAQ:PCH traded down $0.28 on Wednesday, hitting $39.14. 42,848 shares of the stock were exchanged, compared to its average volume of 467,393. The stock has a fifty day moving average of $40.16 and a 200-day moving average of $42.00. The stock has a market cap of $3.08 billion, a PE ratio of 140.09 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 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 released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.20 by $0.13. The company 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%. PotlatchDeltic's revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, equities analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 4.60%. PotlatchDeltic's dividend payout ratio is currently 295.08%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PCH shares. Truist Financial cut 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. Wall Street Zen upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, DA Davidson set a $54.00 price target on PotlatchDeltic in a report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PotlatchDeltic has a consensus rating of "Moderate Buy" and a consensus price target 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.