Rhumbline Advisers Sells 7,802 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Rhumbline Advisers reduced its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 270,476 shares of the real estate investment trust's stock after selling 7,802 shares during the quarter. Rhumbline Advisers owned approximately 0.34% of PotlatchDeltic worth $12,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PCH. Norges Bank acquired a new position in PotlatchDeltic in the fourth quarter valued at $217,145,000. Balyasny Asset Management L.P. raised its holdings in shares of PotlatchDeltic by 256.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 567,371 shares of the real estate investment trust's stock worth $22,269,000 after purchasing an additional 408,355 shares during the period. Deprince Race & Zollo Inc. lifted its stake in shares of PotlatchDeltic by 17.5% in 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 in the last quarter. Westwood Holdings Group Inc. lifted its stake in shares of PotlatchDeltic by 12.2% in 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of PotlatchDeltic by 27.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock worth $44,960,000 after purchasing an additional 245,026 shares during the period. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Stock Up 0.2%

Shares of PotlatchDeltic stock traded up $0.06 during trading on Thursday, hitting $39.90. 555,114 shares of the stock traded hands, compared to its average volume of 475,039. The company has a fifty day moving average price of $39.04 and a two-hundred day moving average price of $41.79. PotlatchDeltic Co. has a twelve month low of $36.82 and a twelve month high of $48.12. The stock has a market cap of $3.14 billion, a P/E ratio of 142.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The company had revenue of $268.26 million during the quarter, compared to the consensus estimate of $243.68 million. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, June 6th. This represents a $1.80 annualized dividend and a dividend yield of 4.51%. PotlatchDeltic's dividend payout ratio (DPR) is presently 295.08%.

Analysts Set New Price Targets

PCH has been the topic of several research reports. Citigroup restated a "buy" rating and issued a $47.00 price target (down previously from $49.00) on shares of PotlatchDeltic in a report on Tuesday, June 3rd. Truist Financial dropped their price objective on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $48.57.

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.