Natixis Advisors LLC Acquires 3,732 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Natixis Advisors LLC raised its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 29.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,221 shares of the real estate investment trust’s stock after acquiring an additional 3,732 shares during the quarter. Natixis Advisors LLC’s holdings in PotlatchDeltic were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PCH. Norges Bank purchased a new position in PotlatchDeltic in the fourth quarter worth $150,557,000. Russell Investments Group Ltd. boosted its position in shares of PotlatchDeltic by 353.2% in the 1st quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust’s stock worth $21,394,000 after purchasing an additional 354,616 shares in the last quarter. Schroder Investment Management Group grew its stake in PotlatchDeltic by 79.3% during the 4th quarter. Schroder Investment Management Group now owns 769,957 shares of the real estate investment trust’s stock worth $37,805,000 after buying an additional 340,555 shares during the last quarter. Janus Henderson Group PLC increased its position in PotlatchDeltic by 19.2% during the 1st quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock valued at $61,913,000 after buying an additional 212,121 shares in the last quarter. Finally, Westwood Holdings Group Inc. raised its stake in PotlatchDeltic by 14.9% in the fourth quarter. Westwood Holdings Group Inc. now owns 1,456,211 shares of the real estate investment trust’s stock valued at $71,500,000 after buying an additional 188,333 shares during the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PCH shares. Truist Financial dropped their target price on shares of PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday, July 16th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Thursday. Finally, Royal Bank of Canada lifted their price target on PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.67.

PotlatchDeltic Stock Performance

Shares of PCH stock opened at $44.57 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $50.04. The business’s 50 day moving average is $41.90 and its two-hundred day moving average is $42.67. The company has a market capitalization of $3.54 billion, a P/E ratio of 78.19 and a beta of 1.13.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $320.70 million for the quarter, compared to analysts’ expectations of $305.01 million. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. Analysts expect that PotlatchDeltic Co. will post -0.01 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.80 annualized dividend and a dividend yield of 4.04%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 315.79%.

Insider Buying and Selling

In other news, VP Ashlee Townsend Cribb sold 4,114 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $43.11, for a total value of $177,354.54. Following the transaction, the vice president now owns 29,039 shares in the company, valued at $1,251,871.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

PotlatchDeltic 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.