Silvercrest Asset Management Group LLC grew its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 1.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,413,351 shares of the real estate investment trust's stock after buying an additional 19,521 shares during the period. Silvercrest Asset Management Group LLC owned 1.79% of PotlatchDeltic worth $55,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the business. Quarry LP lifted its holdings in shares of 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 raised its stake in 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 raised its stake in 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 purchased a new stake in PotlatchDeltic during the 4th quarter valued at approximately $131,000. Finally, KBC Group NV raised its stake 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 valued at $145,000 after acquiring an additional 1,483 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have commented on PCH. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Truist Financial reduced their price objective on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Finally, DA Davidson set a $54.00 price objective on PotlatchDeltic in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $48.43.
Read Our Latest Stock Report on PotlatchDeltic
PotlatchDeltic Price Performance
PCH traded down $0.36 during trading on Monday, reaching $40.01. 344,728 shares of the stock were exchanged, compared to its average volume of 463,456. The business's 50 day moving average price is $40.95 and its two-hundred day moving average price is $42.15. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 142.89 and a beta of 1.16. PotlatchDeltic Co. has a 1 year low of $36.82 and a 1 year high of $48.12.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. The company had revenue of $268.26 million for 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%. The firm's revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.
PotlatchDeltic Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Friday, June 6th. PotlatchDeltic's dividend payout ratio (DPR) is presently 295.08%.
About PotlatchDeltic
(
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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