Tidal Investments LLC Buys 6,558 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Tidal Investments LLC raised its stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 76,030 shares of the real estate investment trust's stock after purchasing an additional 6,558 shares during the quarter. Tidal Investments LLC owned 0.10% of PotlatchDeltic worth $2,984,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP lifted its position in PotlatchDeltic by 224.2% in the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 482 shares during the last quarter. Fifth Third Bancorp lifted its position in 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 purchasing an additional 818 shares during the last quarter. Sterling Capital Management LLC increased its stake 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 valued at $98,000 after buying an additional 2,227 shares during the period. GeoWealth Management LLC purchased a new position in shares of PotlatchDeltic during the fourth quarter valued at approximately $131,000. Finally, KBC Group NV increased 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. Institutional investors own 86.06% of the company's stock.

PotlatchDeltic Stock Performance

Shares of PotlatchDeltic stock traded up $0.65 during trading on Tuesday, hitting $38.93. 85,791 shares of the company's stock traded hands, compared to its average volume of 467,220. 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 Co. has a 1 year low of $36.82 and a 1 year high of $48.12. The stock has a market capitalization of $3.06 billion, a P/E ratio of 138.84 and a beta of 1.16. The business has a 50-day simple moving average of $40.29 and a 200-day simple moving average of $42.02.

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, beating analysts' consensus estimates of $0.20 by $0.13. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The company had revenue of $268.26 million for the quarter, compared to the consensus estimate of $243.68 million. The business's quarterly revenue was up 17.6% on a year-over-year basis. As a group, analysts forecast that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Dividend Announcement

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

Analyst Upgrades and Downgrades

PCH has been the topic of several research analyst reports. Truist Financial reduced their target price on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, DA Davidson set a $54.00 target price on PotlatchDeltic in a research note on Wednesday, January 29th. 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 MarketBeat, the stock currently has a consensus 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.