PotlatchDeltic Co. (NASDAQ:PCH) Stake Decreased by American International Group Inc.

American International Group Inc. lessened its stake in shares of PotlatchDeltic Co. (NASDAQ:PCHFree Report) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 145,909 shares of the real estate investment trust’s stock after selling 5,521 shares during the quarter. American International Group Inc. owned about 0.18% of PotlatchDeltic worth $7,164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in PotlatchDeltic during the 4th quarter valued at $150,557,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in PotlatchDeltic by 21.2% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 759,426 shares of the real estate investment trust’s stock valued at $34,470,000 after purchasing an additional 133,066 shares in the last quarter. Corient Private Wealth LLC boosted its stake in PotlatchDeltic by 224.2% during the 4th quarter. Corient Private Wealth LLC now owns 159,175 shares of the real estate investment trust’s stock valued at $7,815,000 after purchasing an additional 110,078 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in PotlatchDeltic by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,363,897 shares of the real estate investment trust’s stock valued at $66,967,000 after purchasing an additional 53,349 shares in the last quarter. Finally, Heartland Advisors Inc. boosted its stake in PotlatchDeltic by 7.8% during the 4th quarter. Heartland Advisors Inc. now owns 489,798 shares of the real estate investment trust’s stock valued at $25,344,000 after purchasing an additional 35,526 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Stock Performance

PCH opened at $41.14 on Tuesday. PotlatchDeltic Co. has a fifty-two week low of $39.86 and a fifty-two week high of $54.44. The company has a quick ratio of 1.12, a current ratio of 1.42 and a debt-to-equity ratio of 0.40. The firm has a market cap of $3.27 billion, a PE ratio of 72.18, a P/E/G ratio of 3.30 and a beta of 1.17. The business has a fifty day simple moving average of $42.99 and a 200-day simple moving average of $45.20.

PotlatchDeltic Dividend Announcement

The company also recently disclosed 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. This represents a $1.80 annualized dividend and a yield of 4.38%. The ex-dividend date is Friday, June 7th. PotlatchDeltic’s payout ratio is 315.80%.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised PotlatchDeltic from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $45.00 to $46.00 in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $50.67.

View Our Latest Analysis on PCH

PotlatchDeltic Company 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.

Further Reading

Institutional Ownership by Quarter for PotlatchDeltic (NASDAQ:PCH)

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