Ceredex Value Advisors LLC Purchases Shares of 175,000 PotlatchDeltic Co. (NASDAQ:PCH)

Ceredex Value Advisors LLC acquired a new stake in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund acquired 175,000 shares of the real estate investment trust's stock, valued at approximately $7,884,000. Ceredex Value Advisors LLC owned 0.22% of PotlatchDeltic as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in PCH. Vanguard Group Inc. boosted its holdings in PotlatchDeltic by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust's stock valued at $551,844,000 after purchasing an additional 57,237 shares during the period. Westwood Holdings Group Inc. boosted its stake in PotlatchDeltic by 3.6% during the second quarter. Westwood Holdings Group Inc. now owns 1,664,242 shares of the real estate investment trust's stock valued at $65,554,000 after buying an additional 58,111 shares during the period. Janus Henderson Group PLC grew its position in PotlatchDeltic by 19.2% during the first quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust's stock worth $61,913,000 after buying an additional 212,121 shares in the last quarter. Deprince Race & Zollo Inc. grew its position in PotlatchDeltic by 33.0% during the second quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust's stock worth $48,346,000 after buying an additional 304,352 shares in the last quarter. Finally, Heartland Advisors Inc. increased its stake in PotlatchDeltic by 6.4% in the 1st quarter. Heartland Advisors Inc. now owns 521,312 shares of the real estate investment trust's stock worth $24,512,000 after acquiring an additional 31,514 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company's stock.

PotlatchDeltic Price Performance

NASDAQ:PCH traded up $0.24 during mid-day trading on Friday, reaching $41.81. The stock had a trading volume of 362,277 shares, compared to its average volume of 392,539. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $50.04. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.00 and a current ratio of 1.24. The firm has a 50 day moving average price of $43.56 and a two-hundred day moving average price of $42.20. The stock has a market capitalization of $3.30 billion, a P/E ratio of 199.10 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. The company had revenue of $255.10 million during the quarter, compared to analysts' expectations of $241.35 million. PotlatchDeltic had a net margin of 1.56% and a return on equity of 0.78%. The firm's revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. As a group, analysts expect that PotlatchDeltic Co. will post 0.05 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.31%. PotlatchDeltic's dividend payout ratio (DPR) is currently 857.14%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial boosted their price objective on PotlatchDeltic from $42.00 to $45.00 and gave the stock a "hold" rating in a report on Tuesday, October 15th. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, August 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday. Finally, Bank of America raised shares of PotlatchDeltic from a "neutral" rating to a "buy" rating and set a $51.00 price objective for the company in a report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, PotlatchDeltic has a consensus rating of "Hold" and a consensus target price of $48.67.

PotlatchDeltic Company 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.