Westwood Holdings Group Inc. Has $94.36 Million Position in PotlatchDeltic Co. (NASDAQ:PCH)

Westwood Holdings Group Inc. boosted its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,404,064 shares of the real estate investment trust's stock after buying an additional 260,674 shares during the quarter. Westwood Holdings Group Inc. owned approximately 3.05% of PotlatchDeltic worth $94,360,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its position in 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 buying an additional 482 shares during the last quarter. Fifth Third Bancorp increased its position in PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock worth $44,000 after buying an additional 818 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of PotlatchDeltic by 806.9% in 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 purchasing an additional 2,227 shares during the last quarter. GeoWealth Management LLC acquired a new position in shares of PotlatchDeltic in the fourth quarter valued at approximately $131,000. Finally, KBC Group NV grew its position in shares of PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 1,483 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PCH shares. DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. Wall Street Zen raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Truist Financial reduced their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, PotlatchDeltic presently has an average rating of "Moderate Buy" and a consensus target price of $48.43.

PotlatchDeltic Price Performance

Shares of PCH traded down $0.11 during trading hours on Friday, reaching $38.28. The stock had a trading volume of 540,759 shares, compared to its average volume of 467,927. PotlatchDeltic Co. has a 12 month low of $36.82 and a 12 month high of $48.12. The stock has a market capitalization of $3.01 billion, a PE ratio of 136.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. The company's 50-day moving average is $40.44 and its two-hundred day moving average is $42.05.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.33 EPS 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 during the quarter, compared to analysts' expectations of $243.68 million. The firm's revenue was up 17.6% compared to the same quarter last year. Research analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The company 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 $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Friday, June 6th. PotlatchDeltic's payout ratio is 295.08%.

PotlatchDeltic 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.