Ameritas Investment Partners Inc. Trims Position in PotlatchDeltic Co. (NASDAQ:PCH)

Ameritas Investment Partners Inc. lessened its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,421 shares of the real estate investment trust’s stock after selling 300 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in PotlatchDeltic were worth $1,195,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PCH. Vanguard Group Inc. grew its holdings in PotlatchDeltic by 0.5% during the first quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock valued at $551,844,000 after purchasing an additional 57,237 shares during the period. Norges Bank bought a new stake in PotlatchDeltic during the fourth quarter valued at about $150,557,000. Westwood Holdings Group Inc. grew its holdings in PotlatchDeltic by 14.9% during 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 purchasing an additional 188,333 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in PotlatchDeltic by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,363,897 shares of the real estate investment trust’s stock valued at $66,967,000 after purchasing an additional 53,349 shares during the period. Finally, Schroder Investment Management Group grew its holdings in PotlatchDeltic by 79.3% during the fourth quarter. Schroder Investment Management Group now owns 769,957 shares of the real estate investment trust’s stock valued at $37,805,000 after purchasing an additional 340,555 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Analysts Set New Price Targets

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

PotlatchDeltic Price Performance

Shares of NASDAQ PCH traded down $1.09 during mid-day trading on Tuesday, reaching $41.18. The company’s stock had a trading volume of 456,286 shares, compared to its average volume of 425,846. The firm has a market capitalization of $3.27 billion, a PE ratio of 73.51, a P/E/G ratio of 9.58 and a beta of 1.12. 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 stock has a fifty day moving average of $41.05 and a two-hundred day moving average of $43.54. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $53.75.

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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Friday, June 7th. PotlatchDeltic’s payout ratio is presently 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.