UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 61,800 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 20.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 247,146 shares of the real estate investment trust's stock after selling 61,800 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.31% of PotlatchDeltic worth $9,700,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PCH. Norges Bank bought a new stake in shares of PotlatchDeltic in the fourth quarter worth about $217,145,000. Balyasny Asset Management L.P. increased its holdings in shares of PotlatchDeltic by 256.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 567,371 shares of the real estate investment trust's stock worth $22,269,000 after acquiring an additional 408,355 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of PotlatchDeltic by 17.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust's stock worth $92,623,000 after acquiring an additional 351,777 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of PotlatchDeltic by 12.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust's stock worth $94,360,000 after acquiring an additional 260,674 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of PotlatchDeltic by 27.2% in the fourth quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock worth $44,960,000 after acquiring an additional 245,026 shares in the last quarter. Institutional investors own 86.06% of the company's stock.

PotlatchDeltic Stock Up 0.2%

Shares of NASDAQ:PCH traded up $0.09 during mid-day trading on Wednesday, reaching $38.89. 53,891 shares of the stock were exchanged, compared to its average volume of 470,691. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company has a market cap of $3.06 billion, a P/E ratio of 138.86 and a beta of 1.16. PotlatchDeltic Co. has a one year low of $36.82 and a one year high of $48.12. The stock's 50 day simple moving average is $39.59 and its 200-day simple moving average is $41.90.

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

PotlatchDeltic Dividend Announcement

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. The ex-dividend date is Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a yield of 4.63%. PotlatchDeltic's dividend payout ratio is 295.08%.

Analyst Ratings Changes

PCH has been the subject of several recent analyst reports. Citigroup lowered their price target on PotlatchDeltic from $49.00 to $47.00 and set a "buy" rating for the company in a report on Tuesday. Truist Financial lowered 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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.