Ameritas Investment Partners Inc. Lowers Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Ameritas Investment Partners Inc. trimmed its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 1.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 25,421 shares of the real estate investment trust’s stock after selling 300 shares during the period. Ameritas Investment Partners Inc.’s holdings in PotlatchDeltic were worth $1,195,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PCH. Vanguard Group Inc. lifted its stake in PotlatchDeltic by 0.5% during the first quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock worth $551,844,000 after purchasing an additional 57,237 shares in the last quarter. Norges Bank acquired a new position in PotlatchDeltic during the fourth quarter worth $150,557,000. Westwood Holdings Group Inc. lifted its stake in PotlatchDeltic by 14.9% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,456,211 shares of the real estate investment trust’s stock worth $71,500,000 after purchasing an additional 188,333 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PotlatchDeltic by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,363,897 shares of the real estate investment trust’s stock worth $66,967,000 after purchasing an additional 53,349 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in PotlatchDeltic by 79.3% during the fourth quarter. Schroder Investment Management Group now owns 769,957 shares of the real estate investment trust’s stock worth $37,805,000 after purchasing an additional 340,555 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Stock Performance

Shares of PCH stock traded down $1.09 during mid-day trading on Tuesday, hitting $41.18. 456,286 shares of the stock were exchanged, compared to its average volume of 425,846. The stock’s fifty day simple moving average is $41.05 and its two-hundred day simple moving average is $43.54. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 73.51, a P/E/G ratio of 9.58 and a beta of 1.12. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $53.75. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, June 7th. PotlatchDeltic’s payout ratio is 315.80%.

Analyst Upgrades and Downgrades

PCH has been the topic of a number of research reports. Royal Bank of Canada upgraded PotlatchDeltic from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $45.00 to $46.00 in a research note on Wednesday, May 1st. Truist Financial cut their price target on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, PotlatchDeltic has an average rating of “Hold” and a consensus price target of $44.00.

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.