PotlatchDeltic Co. (NASDAQ:PCH) Short Interest Update

PotlatchDeltic Co. (NASDAQ:PCH) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totalling 1,070,000 shares, a decrease of 15.1% from the May 31st total of 1,260,000 shares. Based on an average trading volume of 393,000 shares, the days-to-cover ratio is presently 2.7 days.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PCH. Bessemer Group Inc. boosted its position in shares of PotlatchDeltic by 370.7% in the first quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 556 shares during the period. Planned Solutions Inc. purchased a new stake in shares of PotlatchDeltic during the 4th quarter valued at about $60,000. VitalStone Financial LLC lifted its position in PotlatchDeltic by 109.6% during the 3rd quarter. VitalStone Financial LLC now owns 3,608 shares of the real estate investment trust’s stock worth $163,000 after acquiring an additional 1,887 shares in the last quarter. Cetera Advisors LLC purchased a new position in PotlatchDeltic in the 1st quarter worth approximately $203,000. Finally, Valeo Financial Advisors LLC acquired a new stake in PotlatchDeltic in the fourth quarter valued at approximately $209,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of PotlatchDeltic from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $45.00 to $46.00 in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.67.

PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH opened at $39.39 on Friday. The firm has a market capitalization of $3.13 billion, a PE ratio of 69.11, a P/E/G ratio of 3.12 and a beta of 1.17. PotlatchDeltic has a 12 month low of $38.73 and a 12 month high of $54.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 1.12. The business has a 50-day moving average of $41.79 and a two-hundred day moving average of $44.60.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend was Friday, June 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 315.80%.

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.