PotlatchDeltic Co. (NASDAQ:PCH) Stock Holdings Increased by Sei Investments Co.

Sei Investments Co. grew its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 36.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,792 shares of the real estate investment trust’s stock after buying an additional 43,743 shares during the period. Sei Investments Co. owned about 0.21% of PotlatchDeltic worth $6,412,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its position in shares of PotlatchDeltic by 353.2% during the 1st quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust’s stock valued at $21,394,000 after buying an additional 354,616 shares during the last quarter. Schroder Investment Management Group boosted its stake in PotlatchDeltic by 79.3% in the fourth quarter. Schroder Investment Management Group now owns 769,957 shares of the real estate investment trust’s stock valued at $37,805,000 after acquiring an additional 340,555 shares during the period. Janus Henderson Group PLC grew its holdings in shares of PotlatchDeltic by 19.2% during the first quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock valued at $61,913,000 after purchasing an additional 212,121 shares during the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of PotlatchDeltic by 14.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,456,211 shares of the real estate investment trust’s stock worth $71,500,000 after purchasing an additional 188,333 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in PotlatchDeltic by 2,054.5% during the 2nd quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock valued at $4,053,000 after purchasing an additional 98,123 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PCH. Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Thursday, September 12th. Truist Financial reduced their target price on shares of PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, July 16th. Royal Bank of Canada raised their price target on shares of PotlatchDeltic from $46.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.67.

PotlatchDeltic Stock Down 0.2 %

PotlatchDeltic stock opened at $45.05 on Tuesday. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $50.04. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of 79.04 and a beta of 1.13. The company’s 50-day moving average price is $43.19 and its two-hundred day moving average price is $42.59. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The business had revenue of $320.70 million for the quarter, compared to analyst estimates of $305.01 million. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share. On average, analysts expect that PotlatchDeltic Co. will post 0.02 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, September 13th. This represents a $1.80 annualized dividend and a yield of 4.00%. PotlatchDeltic’s dividend payout ratio is currently 315.79%.

Insider Buying and Selling

In other news, VP Ashlee Townsend Cribb sold 4,114 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $43.11, for a total transaction of $177,354.54. Following the completion of the transaction, the vice president now owns 29,039 shares in the company, valued at approximately $1,251,871.29. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.00% of the stock is owned by corporate insiders.

PotlatchDeltic Profile

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.