Squarepoint Ops LLC increased its position in Potlatchdeltic Corp (NASDAQ:PCH) by 256.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,137 shares of the real estate investment trust’s stock after buying an additional 15,204 shares during the quarter. Squarepoint Ops LLC’s holdings in Potlatchdeltic were worth $663,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Pictet Asset Management Ltd. lifted its holdings in shares of Potlatchdeltic by 3.3% in the fourth quarter. Pictet Asset Management Ltd. now owns 2,383,400 shares of the real estate investment trust’s stock valued at $103,130,000 after buying an additional 76,514 shares during the period. State Street Corp lifted its holdings in shares of Potlatchdeltic by 3.3% in the first quarter. State Street Corp now owns 2,129,257 shares of the real estate investment trust’s stock valued at $66,837,000 after buying an additional 67,919 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Potlatchdeltic by 18.2% in the first quarter. Bank of New York Mellon Corp now owns 1,570,624 shares of the real estate investment trust’s stock valued at $49,302,000 after buying an additional 241,315 shares during the period. Norges Bank acquired a new stake in shares of Potlatchdeltic in the fourth quarter valued at $63,508,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Potlatchdeltic by 7.4% during the first quarter. Geode Capital Management LLC now owns 1,016,760 shares of the real estate investment trust’s stock valued at $31,916,000 after purchasing an additional 69,804 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.

NASDAQ:PCH opened at $37.73 on Tuesday. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 80.28 and a beta of 1.32. Potlatchdeltic Corp has a 1-year low of $22.40 and a 1-year high of $45.42. The company has a current ratio of 1.53, a quick ratio of 1.04 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average price is $35.22 and its 200 day moving average price is $37.11.

Potlatchdeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.09. The firm had revenue of $208.90 million for the quarter, compared to analyst estimates of $195.91 million. Potlatchdeltic had a return on equity of 5.28% and a net margin of 3.78%. Potlatchdeltic’s quarterly revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.08 earnings per share. Equities analysts forecast that Potlatchdeltic Corp will post 0.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.24%. The ex-dividend date is Thursday, June 4th. Potlatchdeltic’s payout ratio is 200.00%.

In other news, Director Larry Peiros bought 6,500 shares of the company’s stock in a transaction on Monday, May 4th. The shares were bought at an average cost of $33.00 per share, with a total value of $214,500.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 3.00% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on the company. BidaskClub downgraded Potlatchdeltic from a “buy” rating to a “hold” rating in a report on Thursday, May 14th. Raymond James upped their target price on Potlatchdeltic from $34.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Zacks Investment Research raised Potlatchdeltic from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday, June 2nd. DA Davidson reduced their target price on Potlatchdeltic from $50.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $30.00 target price on shares of Potlatchdeltic in a report on Thursday, April 16th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Potlatchdeltic presently has a consensus rating of “Buy” and a consensus target price of $39.60.

About Potlatchdeltic

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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