Empirical Asset Management LLC Acquires Shares of 45,170 PotlatchDeltic Co. (NASDAQ:PCH)

Empirical Asset Management LLC bought a new position in PotlatchDeltic Co. (NASDAQ:PCH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 45,170 shares of the real estate investment trust’s stock, valued at approximately $1,773,000. Empirical Asset Management LLC owned approximately 0.06% of PotlatchDeltic as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Westwood Holdings Group Inc. grew its stake in shares of PotlatchDeltic by 3.6% in the 2nd 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 in the last quarter. Deprince Race & Zollo Inc. lifted its stake in PotlatchDeltic by 33.0% in the second quarter. Deprince Race & Zollo Inc. now owns 1,227,361 shares of the real estate investment trust’s stock valued at $48,346,000 after acquiring an additional 304,352 shares during the last quarter. Adelante Capital Management LLC lifted its stake in PotlatchDeltic by 3,486.3% in the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock valued at $51,684,000 after acquiring an additional 1,115,272 shares during the last quarter. JPMorgan Chase & Co. grew its position in PotlatchDeltic by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock worth $40,565,000 after acquiring an additional 163,774 shares in the last quarter. Finally, Curi RMB Capital LLC increased its stake in shares of PotlatchDeltic by 0.5% during the 3rd quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock worth $15,122,000 after purchasing an additional 1,578 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

PotlatchDeltic Price Performance

NASDAQ PCH opened at $42.32 on Friday. The stock has a 50-day simple moving average of $41.45 and a 200 day simple moving average of $42.14. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $48.08. The stock has a market capitalization of $3.33 billion, a PE ratio of 201.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.24.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. PotlatchDeltic had a return on equity of 0.78% and a net margin of 1.56%. The company had revenue of $255.10 million during the quarter, compared to analyst estimates of $241.35 million. During the same period in the previous year, the company earned $0.14 earnings per share. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. Research analysts anticipate that PotlatchDeltic Co. will post 0.21 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date was Monday, December 16th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 857.14%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PCH shares. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Friday, December 6th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Monday, December 23rd. Citigroup lowered their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Truist Financial lowered their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.83.

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.