Vanguard Personalized Indexing Management LLC Makes New Investment in PotlatchDeltic Co. (NASDAQ:PCH)

Vanguard Personalized Indexing Management LLC purchased a new position in PotlatchDeltic Co. (NASDAQ:PCH) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,473 shares of the real estate investment trust’s stock, valued at approximately $271,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of PotlatchDeltic during the 4th quarter worth about $129,467,000. Vanguard Group Inc. lifted its position in shares of PotlatchDeltic by 14.5% during the 3rd quarter. Vanguard Group Inc. now owns 11,820,414 shares of the real estate investment trust’s stock worth $485,110,000 after purchasing an additional 1,497,553 shares during the last quarter. Inclusive Capital Partners L.P. lifted its position in shares of PotlatchDeltic by 21.7% during the 4th quarter. Inclusive Capital Partners L.P. now owns 2,368,345 shares of the real estate investment trust’s stock worth $104,183,000 after purchasing an additional 422,885 shares during the last quarter. State Street Corp lifted its position in shares of PotlatchDeltic by 19.3% during the 3rd quarter. State Street Corp now owns 2,607,726 shares of the real estate investment trust’s stock worth $107,021,000 after purchasing an additional 421,565 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new position in PotlatchDeltic in the 4th quarter valued at approximately $15,152,000. Institutional investors and hedge funds own 85.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on PCH. Royal Bank of Canada cut PotlatchDeltic from an “outperform” rating to a “sector perform” rating and set a $55.00 price target for the company. in a report on Wednesday, July 19th. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of PotlatchDeltic in a report on Wednesday, June 28th. StockNews.com began coverage on PotlatchDeltic in a report on Thursday, August 17th. They issued a “sell” rating for the company. Bank of America upped their price target on PotlatchDeltic from $50.00 to $57.00 in a report on Monday, July 10th. Finally, SpectralCast reiterated a “maintains” rating on shares of PotlatchDeltic in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $53.50.

PotlatchDeltic Trading Down 1.7 %

PCH stock opened at $47.26 on Friday. The firm has a market cap of $3.78 billion, a P/E ratio of 40.39 and a beta of 1.23. PotlatchDeltic Co. has a 1-year low of $39.10 and a 1-year high of $54.44. The business’s 50 day moving average is $51.21 and its 200-day moving average is $48.85. The company has a current ratio of 3.49, a quick ratio of 2.99 and a debt-to-equity ratio of 0.44.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $246.10 million for the quarter, compared to the consensus estimate of $236.30 million. PotlatchDeltic had a return on equity of 3.78% and a net margin of 8.31%. The firm’s revenue was down 31.6% on a year-over-year basis. During the same quarter last year, the company earned $1.61 earnings per share. Equities analysts anticipate that PotlatchDeltic Co. will post 0.81 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.80 dividend on an annualized basis and a yield of 3.81%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 153.85%.

PotlatchDeltic Company Profile

PotlatchDeltic (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.