PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Windward Capital Management Co. CA

Windward Capital Management Co. CA cut its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,540 shares of the real estate investment trust’s stock after selling 399 shares during the period. Windward Capital Management Co. CA owned 0.09% of PotlatchDeltic worth $2,769,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new position in shares of PotlatchDeltic in the second quarter worth $1,479,000. Bank of Montreal Can raised its stake in PotlatchDeltic by 14.8% in the 2nd quarter. Bank of Montreal Can now owns 11,070 shares of the real estate investment trust’s stock worth $437,000 after acquiring an additional 1,424 shares during the last quarter. Squarepoint Ops LLC lifted its position in PotlatchDeltic by 58.1% during the 2nd quarter. Squarepoint Ops LLC now owns 10,227 shares of the real estate investment trust’s stock worth $403,000 after acquiring an additional 3,757 shares during the period. AQR Capital Management LLC grew its stake in PotlatchDeltic by 14.4% during the 2nd quarter. AQR Capital Management LLC now owns 65,514 shares of the real estate investment trust’s stock valued at $2,573,000 after purchasing an additional 8,259 shares during the last quarter. Finally, Algert Global LLC acquired a new position in shares of PotlatchDeltic in the second quarter valued at about $315,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Trading Down 2.1 %

PCH stock opened at $43.57 on Wednesday. PotlatchDeltic Co. has a 52-week low of $37.06 and a 52-week high of $47.65. 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 firm has a market cap of $3.43 billion, a P/E ratio of 155.61 and a beta of 1.17. The company’s 50-day simple moving average is $41.63 and its 200-day simple moving average is $42.49.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. As a group, equities analysts forecast that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.45 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 4.13%. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

Analysts Set New Price Targets

PCH has been the subject of a number of research reports. Citigroup decreased their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. DA Davidson reaffirmed a “buy” rating and issued a $53.00 price objective on shares of PotlatchDeltic in a report on Tuesday, January 28th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 23rd. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a report on Friday, December 6th. Finally, StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.57.

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.