Wellington Management Group LLP boosted its position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,061,497 shares of the real estate investment trust's stock after purchasing an additional 23,975 shares during the quarter. Wellington Management Group LLP owned about 1.35% of PotlatchDeltic worth $41,664,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in PCH. Quarry LP raised its stake in PotlatchDeltic by 224.2% in the 4th 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 increased its stake in shares of PotlatchDeltic by 259.7% during the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 818 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of PotlatchDeltic by 806.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock valued at $98,000 after acquiring an additional 2,227 shares during the last quarter. GeoWealth Management LLC acquired a new position in shares of PotlatchDeltic during the 4th quarter valued at about $131,000. Finally, KBC Group NV increased its stake in shares of PotlatchDeltic by 67.3% during the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock valued at $145,000 after acquiring an additional 1,483 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.
PotlatchDeltic Trading Down 0.1%
PCH traded down $0.05 on Friday, reaching $39.19. 984,462 shares of the company's stock were exchanged, compared to its average volume of 472,238. The company's 50 day moving average is $39.83 and its 200-day moving average is $41.95. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 139.96 and a beta of 1.16. PotlatchDeltic Co. has a twelve month low of $36.82 and a twelve month high of $48.12. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. The firm had revenue of $268.26 million during the quarter, compared to the consensus estimate of $243.68 million. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The company's revenue for the quarter was up 17.6% on a year-over-year basis. Equities analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.
PotlatchDeltic Announces Dividend
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 given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Friday, June 6th. PotlatchDeltic's dividend payout ratio (DPR) is 295.08%.
Analyst Ratings Changes
PCH has been the subject of a number of research analyst reports. 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 note on Tuesday, April 22nd. Wall Street Zen raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.43.
Read Our Latest Report on PotlatchDeltic
PotlatchDeltic Profile
(
Free Report)
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.
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