Foresight Group Ltd Liability Partnership Has $3.32 Million Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Foresight Group Ltd Liability Partnership increased its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 72.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,314 shares of the real estate investment trust’s stock after purchasing an additional 35,494 shares during the period. PotlatchDeltic makes up 1.4% of Foresight Group Ltd Liability Partnership’s investment portfolio, making the stock its 13th biggest holding. Foresight Group Ltd Liability Partnership owned 0.11% of PotlatchDeltic worth $3,321,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. lifted its stake in shares of PotlatchDeltic by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 27,287 shares of the real estate investment trust’s stock worth $1,340,000 after buying an additional 395 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in PotlatchDeltic by 0.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 106,448 shares of the real estate investment trust’s stock valued at $5,005,000 after acquiring an additional 413 shares during the period. Arizona State Retirement System grew its position in shares of PotlatchDeltic by 2.0% in the second quarter. Arizona State Retirement System now owns 22,256 shares of the real estate investment trust’s stock valued at $877,000 after purchasing an additional 445 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of PotlatchDeltic by 2.6% in the first quarter. State of Michigan Retirement System now owns 19,531 shares of the real estate investment trust’s stock worth $918,000 after purchasing an additional 500 shares during the period. Finally, Congress Asset Management Co. MA lifted its position in shares of PotlatchDeltic by 0.3% during the 4th quarter. Congress Asset Management Co. MA now owns 162,366 shares of the real estate investment trust’s stock worth $7,972,000 after purchasing an additional 502 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other PotlatchDeltic news, VP Ashlee Townsend Cribb sold 4,114 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $43.11, for a total transaction of $177,354.54. Following the completion of the transaction, the vice president now directly owns 29,039 shares in the company, valued at $1,251,871.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PCH. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Royal Bank of Canada boosted their target price on shares of PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Truist Financial reduced their price target on shares of PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Finally, Bank of America upgraded shares of PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.67.

PotlatchDeltic Stock Down 0.6 %

Shares of PCH stock opened at $45.69 on Thursday. The stock has a market cap of $3.61 billion, a P/E ratio of 80.16, a price-to-earnings-growth ratio of 1,042.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.00. The stock has a fifty day moving average price of $42.37 and a 200 day moving average price of $42.66. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The company had revenue of $320.70 million during the quarter, compared to the consensus estimate of $305.01 million. During the same period last year, the firm earned $0.06 EPS. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year.

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.94%. PotlatchDeltic’s payout ratio is presently 315.80%.

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.