PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 203,988 shares of the real estate investment trust’s stock after selling 12,412 shares during the quarter. Fisher Asset Management LLC owned approximately 0.26% of PotlatchDeltic worth $10,016,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Norges Bank purchased a new position in PotlatchDeltic in the 4th quarter valued at $150,557,000. Westwood Holdings Group Inc. grew its position in PotlatchDeltic by 14.9% in the 4th 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. Charles Schwab Investment Management Inc. grew its position in PotlatchDeltic by 4.1% in the 4th 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 buying an additional 53,349 shares during the last quarter. Schroder Investment Management Group grew its position in PotlatchDeltic by 79.3% in the 4th quarter. Schroder Investment Management Group now owns 769,957 shares of the real estate investment trust’s stock valued at $37,805,000 after buying an additional 340,555 shares during the last quarter. Finally, Heartland Advisors Inc. grew its position in PotlatchDeltic by 7.8% in the 4th quarter. Heartland Advisors Inc. now owns 489,798 shares of the real estate investment trust’s stock valued at $25,344,000 after buying an additional 35,526 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded shares of PotlatchDeltic from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $45.00 to $46.00 in a research report 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $50.67.

PotlatchDeltic Price Performance

Shares of NASDAQ PCH opened at $40.21 on Thursday. The firm has a market capitalization of $3.20 billion, a P/E ratio of 70.54, a PEG ratio of 3.20 and a beta of 1.17. PotlatchDeltic Co. has a one year low of $39.85 and a one year high of $54.44. The company’s fifty day moving average is $42.19 and its two-hundred day moving average is $44.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.42.

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.48%. PotlatchDeltic’s payout ratio is currently 315.79%.

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.