PotlatchDeltic Co. (NASDAQ:PCH) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 14.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,514 shares of the real estate investment trust’s stock after purchasing an additional 8,259 shares during the period. AQR Capital Management LLC owned 0.08% of PotlatchDeltic worth $2,573,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PCH. Russell Investments Group Ltd. grew its position in shares of PotlatchDeltic by 353.2% in the first quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust’s stock valued at $21,394,000 after purchasing an additional 354,616 shares in the last quarter. Janus Henderson Group PLC grew its holdings in PotlatchDeltic by 19.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock valued at $61,913,000 after buying an additional 212,121 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of PotlatchDeltic by 10.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,606,131 shares of the real estate investment trust’s stock worth $75,520,000 after acquiring an additional 149,920 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of PotlatchDeltic by 2,054.5% during the 2nd quarter. Renaissance Technologies LLC now owns 102,899 shares of the real estate investment trust’s stock worth $4,053,000 after acquiring an additional 98,123 shares during the period. Finally, Edgestream Partners L.P. boosted its position in shares of PotlatchDeltic by 113.3% during the 2nd quarter. Edgestream Partners L.P. now owns 115,473 shares of the real estate investment trust’s stock valued at $4,548,000 after acquiring an additional 61,327 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PotlatchDeltic

In other PotlatchDeltic news, VP Ashlee Townsend Cribb sold 4,114 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $43.11, for a total value of $177,354.54. Following the sale, the vice president now owns 29,039 shares of the company’s stock, valued at $1,251,871.29. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

PotlatchDeltic Stock Down 0.0 %

Shares of NASDAQ PCH opened at $43.60 on Wednesday. PotlatchDeltic Co. has a 52-week low of $37.06 and a 52-week high of $50.04. The business’s 50 day moving average is $43.37 and its two-hundred day moving average is $42.54. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 76.49 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results on Monday, July 29th. The real estate investment trust reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. The company had revenue of $320.70 million during the quarter, compared to analysts’ expectations of $305.01 million. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. PotlatchDeltic’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. Research analysts predict that PotlatchDeltic Co. will post 0.02 EPS for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s payout ratio is currently 315.79%.

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.