Vanguard Group Inc. increased its stake in shares of Potlatchdeltic Corp (NASDAQ:PCH) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,698,996 shares of the real estate investment trust’s stock after buying an additional 544,732 shares during the quarter. Vanguard Group Inc. owned about 13.86% of Potlatchdeltic worth $356,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Legal & General Group Plc lifted its holdings in shares of Potlatchdeltic by 2.4% in the third quarter. Legal & General Group Plc now owns 60,824 shares of the real estate investment trust’s stock valued at $2,490,000 after buying an additional 1,420 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Potlatchdeltic by 9.3% in the third quarter. King Luther Capital Management Corp now owns 17,847 shares of the real estate investment trust’s stock valued at $731,000 after buying an additional 1,512 shares during the period. Flinton Capital Management LLC lifted its holdings in shares of Potlatchdeltic by 23.8% in the second quarter. Flinton Capital Management LLC now owns 8,500 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 1,632 shares during the period. Xact Kapitalforvaltning AB lifted its holdings in shares of Potlatchdeltic by 20.6% in the third quarter. Xact Kapitalforvaltning AB now owns 10,532 shares of the real estate investment trust’s stock valued at $431,000 after buying an additional 1,800 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Potlatchdeltic by 3.9% in the third quarter. Mutual of America Capital Management LLC now owns 53,779 shares of the real estate investment trust’s stock valued at $2,202,000 after buying an additional 2,003 shares during the period. Hedge funds and other institutional investors own 84.94% of the company’s stock.

Several analysts have recently weighed in on the company. ValuEngine lowered Potlatchdeltic from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Raymond James lowered Potlatchdeltic from an “outperform” rating to a “mkt perform” rating in a report on Tuesday. Zacks Investment Research upgraded Potlatchdeltic from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Vertical Research upgraded Potlatchdeltic from a “hold” rating to a “buy” rating in a report on Monday. Finally, BidaskClub lowered Potlatchdeltic from a “sell” rating to a “strong sell” rating in a report on Saturday, December 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.50.

Shares of NASDAQ PCH opened at $34.12 on Friday. Potlatchdeltic Corp has a 12 month low of $28.07 and a 12 month high of $55.75. The firm has a market cap of $2.06 billion, a PE ratio of 14.46, a P/E/G ratio of 4.04 and a beta of 1.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.87 and a quick ratio of 0.63.

Potlatchdeltic (NASDAQ:PCH) last announced its earnings results on Monday, October 29th. The real estate investment trust reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). Potlatchdeltic had a net margin of 14.23% and a return on equity of 15.77%. The company had revenue of $289.20 million for the quarter, compared to analysts’ expectations of $288.27 million. During the same period in the prior year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 51.9% on a year-over-year basis. On average, research analysts anticipate that Potlatchdeltic Corp will post 2.45 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Tuesday, December 18th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Monday, December 17th. Potlatchdeltic’s dividend payout ratio is 67.80%.

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Potlatchdeltic Profile

PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, 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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