Squarepoint Ops LLC Purchases Shares of 15,185 PotlatchDeltic Co. (NASDAQ:PCH)

Squarepoint Ops LLC acquired a new stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 15,185 shares of the real estate investment trust's stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Quarry LP lifted its holdings in shares of PotlatchDeltic by 224.2% during the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 482 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of PotlatchDeltic by 806.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after purchasing an additional 2,227 shares during the period. GeoWealth Management LLC acquired a new position in shares of PotlatchDeltic during the fourth quarter worth $131,000. KBC Group NV lifted its holdings 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 worth $145,000 after purchasing an additional 1,483 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of PotlatchDeltic during the fourth quarter worth $150,000. Institutional investors own 86.06% of the company's stock.

PotlatchDeltic Trading Up 0.8%

NASDAQ PCH traded up $0.31 during mid-day trading on Thursday, reaching $38.97. 458,271 shares of the stock were exchanged, compared to its average volume of 472,937. PotlatchDeltic Co. has a one year low of $36.82 and a one year high of $48.12. The stock has a 50 day simple moving average of $39.46 and a 200-day simple moving average of $41.88. The stock has a market cap of $3.06 billion, a P/E ratio of 139.18 and a beta of 1.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating 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 firm had revenue of $268.26 million during the quarter, compared to the consensus estimate of $243.68 million. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Friday, June 6th. PotlatchDeltic's dividend payout ratio (DPR) is currently 295.08%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Truist Financial cut their price target on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Citigroup cut their price target on shares of PotlatchDeltic from $49.00 to $47.00 and set a "buy" rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, PotlatchDeltic currently has an average rating of "Moderate Buy" and a consensus price target of $48.57.

About PotlatchDeltic

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.