Ancora Advisors LLC Has $4.94 Million Position in Potlatchdeltic Corp (PCH)

Ancora Advisors LLC increased its stake in shares of Potlatchdeltic Corp (NASDAQ:PCH) by 2,794.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,282 shares of the real estate investment trust’s stock after buying an additional 150,883 shares during the quarter. Ancora Advisors LLC owned about 0.25% of Potlatchdeltic worth $4,944,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in PCH. Oregon Public Employees Retirement Fund increased its stake in Potlatchdeltic by 3,277.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 834,758 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 810,044 shares during the last quarter. BlackRock Inc. increased its stake in Potlatchdeltic by 8.5% during the third quarter. BlackRock Inc. now owns 8,537,689 shares of the real estate investment trust’s stock worth $349,616,000 after acquiring an additional 666,586 shares during the last quarter. Vanguard Group Inc increased its stake in Potlatchdeltic by 6.7% during the third quarter. Vanguard Group Inc now owns 8,698,996 shares of the real estate investment trust’s stock worth $356,224,000 after acquiring an additional 544,732 shares during the last quarter. Vanguard Group Inc. increased its stake in Potlatchdeltic by 6.7% during the third quarter. Vanguard Group Inc. now owns 8,698,996 shares of the real estate investment trust’s stock worth $356,224,000 after acquiring an additional 544,732 shares during the last quarter. Finally, Standard Life Aberdeen plc acquired a new stake in Potlatchdeltic during the third quarter worth $13,125,000. Hedge funds and other institutional investors own 87.46% of the company’s stock.

In related news, CEO Michael J. Covey sold 40,722 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $35.01, for a total transaction of $1,425,677.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Thomas J. Temple sold 4,618 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $35.01, for a total value of $161,676.18. The disclosure for this sale can be found here. Insiders sold 66,374 shares of company stock valued at $2,323,754 over the last ninety days. Insiders own 3.00% of the company’s stock.

Several equities research analysts have issued reports on the company. Raymond James cut Potlatchdeltic from an “outperform” rating to a “mkt perform” rating in a research note on Tuesday, January 8th. Vertical Research raised Potlatchdeltic from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. ValuEngine cut Potlatchdeltic from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. BMO Capital Markets raised Potlatchdeltic from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a research note on Monday, March 11th. Finally, BidaskClub raised Potlatchdeltic from a “sell” rating to a “hold” rating in a research note on Tuesday, March 12th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $49.50.

Shares of NASDAQ PCH opened at $37.42 on Friday. Potlatchdeltic Corp has a twelve month low of $28.07 and a twelve month high of $53.75. The company has a quick ratio of 1.48, a current ratio of 1.92 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $2.51 billion, a PE ratio of 16.41, a PEG ratio of 6.66 and a beta of 1.33.

Potlatchdeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. Potlatchdeltic had a return on equity of 10.87% and a net margin of 12.61%. The business had revenue of $217.25 million during the quarter, compared to analysts’ expectations of $225.86 million. During the same period in the previous year, the firm posted $0.62 earnings per share. As a group, research analysts anticipate that Potlatchdeltic Corp will post 1.11 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 8th will be paid a $0.40 dividend. The ex-dividend date is Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.28%. Potlatchdeltic’s payout ratio is presently 70.18%.

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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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