First Trust Advisors LP Sells 16,889 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

First Trust Advisors LP decreased its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 52.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,029 shares of the real estate investment trust's stock after selling 16,889 shares during the quarter. First Trust Advisors LP's holdings in PotlatchDeltic were worth $590,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp boosted its stake in shares of PotlatchDeltic by 259.7% in the 4th 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 in the last quarter. Sterling Capital Management LLC increased its holdings 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 worth $98,000 after buying an additional 2,227 shares during the period. GeoWealth Management LLC bought a new stake in shares of PotlatchDeltic in the 4th quarter valued at about $131,000. KBC Group NV grew its position in PotlatchDeltic by 67.3% during the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 1,483 shares during the last quarter. Finally, Farringdon Capital Ltd. bought a new position in PotlatchDeltic during the 4th quarter worth approximately $232,000. 86.06% of the stock is owned by hedge funds and other institutional investors.

PotlatchDeltic Stock Down 0.6%

Shares of NASDAQ:PCH traded down $0.25 on Tuesday, hitting $40.10. 529,512 shares of the company traded hands, compared to its average volume of 462,368. The stock has a 50 day simple moving average of $41.51 and a 200-day simple moving average of $42.21. 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 $3.15 billion, a PE ratio of 143.21 and a beta of 1.16. PotlatchDeltic Co. has a 52 week low of $36.82 and a 52 week high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $268.26 million during the quarter, compared to analyst estimates of $243.68 million. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The firm's quarterly revenue was up 17.6% on a year-over-year basis. As a group, research analysts expect 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. Investors of record on Friday, June 6th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a yield of 4.49%. PotlatchDeltic's payout ratio is currently 295.08%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial decreased their target price on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Citigroup reduced their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Finally, StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PotlatchDeltic has an average rating of "Moderate Buy" and a consensus price target 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.