Hennion & Walsh Asset Management Inc. Has $629,000 Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Hennion & Walsh Asset Management Inc. cut its position in PotlatchDeltic Co. (NASDAQ:PCHFree Report) by 36.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,377 shares of the real estate investment trust’s stock after selling 7,571 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in PotlatchDeltic were worth $629,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Planned Solutions Inc. bought a new stake in PotlatchDeltic during the 4th quarter worth approximately $60,000. VitalStone Financial LLC increased its stake in shares of PotlatchDeltic by 109.6% in the third quarter. VitalStone Financial LLC now owns 3,608 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 1,887 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of PotlatchDeltic in the fourth quarter valued at about $209,000. BTC Capital Management Inc. acquired a new position in PotlatchDeltic during the 1st quarter worth about $277,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in PotlatchDeltic during the 4th quarter worth about $280,000. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH opened at $37.97 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40. PotlatchDeltic Co. has a 1-year low of $37.21 and a 1-year high of $54.44. The stock has a market capitalization of $3.02 billion, a P/E ratio of 66.62, a P/E/G ratio of 3.12 and a beta of 1.12. The business has a 50-day moving average price of $41.65 and a two-hundred day moving average price of $44.46.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend was Friday, June 7th. PotlatchDeltic’s dividend payout ratio (DPR) is 315.80%.

Analysts Set New Price Targets

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

Read Our Latest Report on PotlatchDeltic

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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