Victory Capital Management Inc. Trims Position in PotlatchDeltic Co. (NASDAQ:PCH)

Victory Capital Management Inc. reduced its position in PotlatchDeltic Co. (NASDAQ:PCHFree Report) by 10.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 135,672 shares of the real estate investment trust’s stock after selling 15,402 shares during the period. Victory Capital Management Inc. owned about 0.17% of PotlatchDeltic worth $6,661,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Windward Capital Management Co. CA raised its stake in PotlatchDeltic by 0.4% during the fourth quarter. Windward Capital Management Co. CA now owns 72,976 shares of the real estate investment trust’s stock worth $3,583,000 after purchasing an additional 269 shares during the period. Fifth Third Bancorp raised its position in shares of PotlatchDeltic by 43.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 305 shares during the period. Arizona State Retirement System boosted its holdings in PotlatchDeltic by 1.4% in the third quarter. Arizona State Retirement System now owns 22,754 shares of the real estate investment trust’s stock valued at $1,033,000 after acquiring an additional 307 shares during the last quarter. O Brien Greene & Co. Inc grew its position in PotlatchDeltic by 5.9% during the third quarter. O Brien Greene & Co. Inc now owns 9,328 shares of the real estate investment trust’s stock valued at $423,000 after acquiring an additional 520 shares during the period. Finally, Manchester Capital Management LLC increased its stake in PotlatchDeltic by 2,132.0% during the third quarter. Manchester Capital Management LLC now owns 558 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 533 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, January 31st. Royal Bank of Canada raised shares of PotlatchDeltic from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $45.00 to $46.00 in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $50.67.

View Our Latest Stock Analysis on PCH

PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH opened at $44.22 on Wednesday. The company has a market cap of $3.52 billion, a P/E ratio of 77.58 and a beta of 1.19. The business’s 50-day simple moving average is $44.09 and its 200 day simple moving average is $45.52. PotlatchDeltic Co. has a one year low of $39.86 and a one year high of $54.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.42.

PotlatchDeltic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.07%. The ex-dividend date is Friday, June 7th. PotlatchDeltic’s dividend payout ratio (DPR) is 315.80%.

PotlatchDeltic Profile

(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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