8,602 Shares in PotlatchDeltic Co. (NASDAQ:PCH) Bought by Radnor Capital Management LLC

Radnor Capital Management LLC purchased a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 8,602 shares of the real estate investment trust’s stock, valued at approximately $404,000.

Several other institutional investors and hedge funds have also made changes to their positions in PCH. Norges Bank acquired a new stake in shares of PotlatchDeltic during the fourth quarter valued at $150,557,000. Westwood Holdings Group Inc. grew its stake in PotlatchDeltic by 14.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,456,211 shares of the real estate investment trust’s stock worth $71,500,000 after acquiring an additional 188,333 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in PotlatchDeltic by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,363,897 shares of the real estate investment trust’s stock valued at $66,967,000 after acquiring an additional 53,349 shares during the last quarter. Schroder Investment Management Group boosted its stake in PotlatchDeltic by 79.3% in the 4th quarter. Schroder Investment Management Group now owns 769,957 shares of the real estate investment trust’s stock worth $37,805,000 after buying an additional 340,555 shares during the last quarter. Finally, Heartland Advisors Inc. increased its position in PotlatchDeltic by 7.8% during the fourth quarter. Heartland Advisors Inc. now owns 489,798 shares of the real estate investment trust’s stock worth $25,344,000 after purchasing an additional 35,526 shares during the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Trading Down 0.6 %

NASDAQ PCH opened at $39.93 on Monday. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 70.05, a price-to-earnings-growth ratio of 3.18 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.42 and a quick ratio of 1.12. PotlatchDeltic Co. has a 12 month low of $39.85 and a 12 month high of $54.44. The company’s fifty day moving average price is $42.03 and its two-hundred day moving average price is $44.79.

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Friday, June 7th. PotlatchDeltic’s dividend payout ratio is currently 315.80%.

Analyst Ratings Changes

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

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.