26,319 Shares in PotlatchDeltic Co. (NASDAQ:PCH) Acquired by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in PotlatchDeltic Co. (NASDAQ:PCHFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 26,319 shares of the real estate investment trust’s stock, valued at approximately $1,292,000.

Several other large investors have also recently bought and sold shares of PCH. Norges Bank bought a new stake in PotlatchDeltic in the fourth quarter valued at approximately $150,557,000. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of PotlatchDeltic by 21.2% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 759,426 shares of the real estate investment trust’s stock worth $34,470,000 after acquiring an additional 133,066 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of PotlatchDeltic by 224.2% during the fourth quarter. Corient Private Wealth LLC now owns 159,175 shares of the real estate investment trust’s stock worth $7,815,000 after acquiring an additional 110,078 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 acquiring an additional 53,349 shares in the last quarter. Finally, Heartland Advisors Inc. increased its position in shares of 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 acquiring an additional 35,526 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

Get Our Latest Analysis on PotlatchDeltic

PotlatchDeltic Stock Performance

Shares of PCH opened at $41.14 on Tuesday. PotlatchDeltic Co. has a 12 month low of $39.86 and a 12 month high of $54.44. The firm has a fifty day simple moving average of $42.99 and a 200 day simple moving average of $45.20. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 72.18, a PEG ratio of 3.30 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Friday, June 7th. PotlatchDeltic’s payout ratio is 315.80%.

PotlatchDeltic Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PotlatchDeltic (NASDAQ:PCH)

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