Silvercrest Asset Management Group LLC Raises Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Silvercrest Asset Management Group LLC raised its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,413,351 shares of the real estate investment trust’s stock after buying an additional 19,521 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 1.79% of PotlatchDeltic worth $55,474,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PCH. Quarry LP lifted its stake in shares of PotlatchDeltic by 224.2% in the 4th quarter. Quarry LP now owns 697 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 818 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of PotlatchDeltic by 806.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust’s stock valued at $98,000 after purchasing an additional 2,227 shares during the last quarter. GeoWealth Management LLC acquired a new position in shares of PotlatchDeltic in the 4th quarter valued at $131,000. Finally, KBC Group NV lifted its stake in shares of PotlatchDeltic by 67.3% in the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 1,483 shares during the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PCH has been the topic of several research reports. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Truist Financial decreased their target price on PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Finally, DA Davidson set a $54.00 target price on PotlatchDeltic in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $48.43.

PotlatchDeltic Price Performance

PCH stock opened at $40.08 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The firm has a market capitalization of $3.15 billion, a P/E ratio of 143.14 and a beta of 1.16. The business’s 50-day moving average is $41.13 and its two-hundred day moving average is $42.16. PotlatchDeltic Co. has a 1 year low of $36.82 and a 1 year high of $48.12.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.13. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The business had revenue of $268.26 million for the quarter, compared to the consensus estimate of $243.68 million. The business’s revenue was up 17.6% on a year-over-year basis. Analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.49%. PotlatchDeltic’s payout ratio is currently 295.08%.

PotlatchDeltic Company 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.