PotlatchDeltic Co. (NASDAQ:PCH) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. increased its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 327.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,146 shares of the real estate investment trust’s stock after buying an additional 41,483 shares during the quarter. Edgestream Partners L.P. owned about 0.07% of PotlatchDeltic worth $2,546,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PCH. Planned Solutions Inc. purchased a new position in shares of PotlatchDeltic in the 4th quarter worth $60,000. Valeo Financial Advisors LLC purchased a new stake in shares of PotlatchDeltic during the 4th quarter worth about $209,000. BTC Capital Management Inc. acquired a new stake in PotlatchDeltic during the 1st quarter worth approximately $277,000. Vanguard Personalized Indexing Management LLC acquired a new stake in PotlatchDeltic during the 4th quarter worth approximately $280,000. Finally, Radnor Capital Management LLC purchased a new position in PotlatchDeltic in the first quarter valued at approximately $404,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised shares of PotlatchDeltic from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $45.00 to $46.00 in a research report on Wednesday, May 1st. Truist Financial lowered their price target on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.00.

PotlatchDeltic Stock Down 0.9 %

NASDAQ PCH traded down $0.37 on Tuesday, reaching $41.90. The company had a trading volume of 17,174 shares, compared to its average volume of 422,710. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 1.12. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $53.75. The firm has a 50-day moving average of $41.05 and a 200-day moving average of $43.54. The firm has a market capitalization of $3.33 billion, a PE ratio of 74.16, a P/E/G ratio of 9.58 and a beta of 1.12.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend was Friday, June 7th. PotlatchDeltic’s payout ratio is 315.80%.

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.