Deutsche Bank AG Decreases Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Deutsche Bank AG lessened its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 34.8% during the 4th quarter, HoldingsChannel reports. The firm owned 158,762 shares of the real estate investment trust’s stock after selling 84,710 shares during the period. Deutsche Bank AG’s holdings in PotlatchDeltic were worth $6,231,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Barclays PLC lifted its stake in shares of PotlatchDeltic by 147.7% in the third quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust’s stock worth $7,378,000 after buying an additional 97,655 shares in the last quarter. Empirical Asset Management LLC purchased a new stake in PotlatchDeltic during the 4th quarter valued at about $1,773,000. Procyon Advisors LLC raised its holdings in PotlatchDeltic by 37.3% in the 4th quarter. Procyon Advisors LLC now owns 9,241 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 2,511 shares during the last quarter. Fifth Third Bancorp lifted its stake in PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 818 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of PotlatchDeltic by 67.3% during the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,483 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Price Performance

PCH stock opened at $40.37 on Friday. PotlatchDeltic Co. has a 52-week low of $36.82 and a 52-week high of $48.12. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 144.18 and a beta of 1.16. The business has a fifty day moving average of $41.03 and a two-hundred day moving average of $42.16.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $268.26 million during the quarter, compared to the consensus estimate of $243.68 million. The firm’s revenue was up 17.6% compared to the same quarter last year. As a group, research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend is Friday, June 6th. PotlatchDeltic’s dividend payout ratio (DPR) is 295.08%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PCH shares. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Truist Financial dropped their target price on PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Finally, DA Davidson set a $54.00 target price on PotlatchDeltic in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.43.

About PotlatchDeltic

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.