KBC Group NV Grows Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

KBC Group NV increased its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 67.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,685 shares of the real estate investment trust’s stock after purchasing an additional 1,483 shares during the quarter. KBC Group NV’s holdings in PotlatchDeltic were worth $145,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in shares of PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 818 shares in the last quarter. Systematic Financial Management LP purchased a new stake in PotlatchDeltic during the 3rd quarter valued at about $166,000. FMR LLC raised its holdings in PotlatchDeltic by 20.4% in the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 733 shares during the last quarter. ZWJ Investment Counsel Inc. purchased a new position in PotlatchDeltic in the 3rd quarter worth approximately $219,000. Finally, Versor Investments LP acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth approximately $257,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup cut their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. DA Davidson restated a “buy” rating and set a $53.00 price objective on shares of PotlatchDeltic in a research report on Tuesday, January 28th. Finally, BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.57.

PotlatchDeltic Stock Performance

Shares of PCH stock opened at $45.19 on Friday. The company has a market cap of $3.56 billion, a P/E ratio of 161.39 and a beta of 1.17. The firm has a fifty day moving average price of $41.63 and a 200 day moving average price of $42.53. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. PotlatchDeltic Co. has a 12 month low of $37.06 and a 12 month high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. Sell-side analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 annualized dividend and a yield of 3.98%. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

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.