PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,290,658 shares of the real estate investment trust’s stock after selling 382,391 shares during the period. Wellington Management Group LLP owned approximately 5.40% of PotlatchDeltic worth $210,671,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Planned Solutions Inc. acquired a new stake in shares of PotlatchDeltic in the fourth quarter valued at $60,000. VitalStone Financial LLC boosted its stake in shares of PotlatchDeltic by 109.6% during the third quarter. VitalStone Financial LLC now owns 3,608 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 1,887 shares during the period. Pathstone Family Office LLC acquired a new position in PotlatchDeltic during the 3rd quarter worth approximately $203,000. Valeo Financial Advisors LLC purchased a new stake in shares of PotlatchDeltic during the 4th quarter worth $209,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of PotlatchDeltic during the 4th quarter worth $280,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Trading Down 0.7 %

Shares of PCH stock opened at $40.21 on Wednesday. The firm has a 50-day moving average price of $42.39 and a 200 day moving average price of $44.95. PotlatchDeltic Co. has a twelve month low of $39.85 and a twelve month high of $54.44. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 70.55, a PEG ratio of 3.19 and a beta of 1.17. The company has a current ratio of 1.42, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.48%. The ex-dividend date is Friday, June 7th. PotlatchDeltic’s payout ratio is 315.80%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded shares of PotlatchDeltic from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $45.00 to $46.00 in a research report on Wednesday, May 1st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $50.67.

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.