PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lowered its position in shares of PotlatchDeltic Co. (NASDAQ:PCHFree Report) by 30.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 611 shares of the real estate investment trust’s stock after selling 264 shares during the period. Parallel Advisors LLC’s holdings in PotlatchDeltic were worth $30,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new stake in shares of PotlatchDeltic during the fourth quarter worth approximately $1,095,000. Clearbridge Investments LLC raised its position in PotlatchDeltic by 0.7% during the 4th quarter. Clearbridge Investments LLC now owns 347,592 shares of the real estate investment trust’s stock worth $17,067,000 after buying an additional 2,465 shares during the last quarter. Planned Solutions Inc. acquired a new stake in shares of PotlatchDeltic in the 4th quarter worth $60,000. Principal Financial Group Inc. boosted its holdings in shares of PotlatchDeltic by 2.0% in the fourth quarter. Principal Financial Group Inc. now owns 331,862 shares of the real estate investment trust’s stock valued at $16,294,000 after acquiring an additional 6,437 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of PotlatchDeltic in the fourth quarter valued at about $280,000. 86.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded shares of PotlatchDeltic from a “sector perform” rating to an “outperform” rating and raised their price objective for the company 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 assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.67.

View Our Latest Stock Report on PCH

PotlatchDeltic Price Performance

Shares of NASDAQ PCH opened at $41.70 on Friday. The company’s fifty day moving average is $42.99 and its two-hundred day moving average is $45.23. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.42. The firm has a market capitalization of $3.32 billion, a P/E ratio of 73.16, a PEG ratio of 3.37 and a beta of 1.17. PotlatchDeltic Co. has a one year low of $39.86 and a one year high of $54.44.

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 7th. This represents a $1.80 annualized dividend and a yield of 4.32%. PotlatchDeltic’s payout ratio is currently 315.80%.

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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