Amalgamated Bank Lowers Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Amalgamated Bank trimmed its position in shares of PotlatchDeltic Co. (NASDAQ:PCHFree Report) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,599 shares of the real estate investment trust’s stock after selling 1,242 shares during the period. Amalgamated Bank owned about 0.06% of PotlatchDeltic worth $2,115,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in PotlatchDeltic by 7.3% in the 2nd quarter. Van ECK Associates Corp now owns 12,393 shares of the real estate investment trust’s stock valued at $655,000 after buying an additional 838 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of PotlatchDeltic by 1.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,425 shares of the real estate investment trust’s stock worth $2,031,000 after purchasing an additional 606 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of PotlatchDeltic by 6.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,630 shares of the real estate investment trust’s stock worth $2,042,000 after purchasing an additional 2,248 shares during the period. M&T Bank Corp lifted its position in shares of PotlatchDeltic by 1.2% in the 3rd quarter. M&T Bank Corp now owns 57,353 shares of the real estate investment trust’s stock worth $2,603,000 after purchasing an additional 658 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of PotlatchDeltic by 78.5% in the 3rd quarter. Mackenzie Financial Corp now owns 9,387 shares of the real estate investment trust’s stock worth $421,000 after purchasing an additional 4,127 shares during the period. 85.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PCH. TheStreet cut shares of PotlatchDeltic from a “b-” rating to a “c” rating in a research report on Monday, October 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $48.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 31st. Raymond James lowered shares of PotlatchDeltic from a “strong-buy” rating to a “market perform” rating in a research note on Monday, November 27th. Truist Financial reduced their price objective on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, January 31st. Finally, StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.33.

Read Our Latest Research Report on PCH

PotlatchDeltic Stock Up 1.5 %

NASDAQ:PCH opened at $45.43 on Tuesday. The firm has a market capitalization of $3.63 billion, a P/E ratio of 59.00 and a beta of 1.16. PotlatchDeltic Co. has a 1-year low of $41.31 and a 1-year high of $54.44. The company’s fifty day moving average price is $47.04 and its 200-day moving average price is $46.71. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.14.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.96%. PotlatchDeltic’s dividend payout ratio is presently 233.77%.

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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Institutional Ownership by Quarter for PotlatchDeltic (NASDAQ:PCH)

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