Deutsche Bank AG decreased its holdings in shares of Potlatchdeltic Corp (NASDAQ:PCH) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 235,815 shares of the real estate investment trust’s stock after selling 34,985 shares during the quarter. Deutsche Bank AG owned about 0.35% of Potlatchdeltic worth $7,457,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC raised its position in shares of Potlatchdeltic by 10.3% in the 4th quarter. LS Investment Advisors LLC now owns 3,729 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 348 shares during the period. Forsta AP Fonden raised its position in shares of Potlatchdeltic by 6.8% in the 4th quarter. Forsta AP Fonden now owns 6,085 shares of the real estate investment trust’s stock worth $193,000 after buying an additional 385 shares during the period. 6 Meridian raised its position in shares of Potlatchdeltic by 3.6% in the 4th quarter. 6 Meridian now owns 11,372 shares of the real estate investment trust’s stock worth $360,000 after buying an additional 395 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of Potlatchdeltic by 9.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 4,546 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 395 shares during the period. Finally, Neuburgh Advisers LLC raised its position in shares of Potlatchdeltic by 6.5% in the 4th quarter. Neuburgh Advisers LLC now owns 7,172 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 440 shares during the period. Institutional investors and hedge funds own 88.36% of the company’s stock.
In other Potlatchdeltic news, COO Eric J. Cremers sold 11,644 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $35.01, for a total value of $407,656.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Thomas J. Temple sold 4,618 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $35.01, for a total value of $161,676.18. The disclosure for this sale can be found here. Insiders sold 66,374 shares of company stock worth $2,323,754 over the last three months. 3.00% of the stock is currently owned by corporate insiders.
NASDAQ:PCH opened at $38.23 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.48 and a current ratio of 1.92. Potlatchdeltic Corp has a 12 month low of $28.07 and a 12 month high of $53.10. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 8.08 and a beta of 1.33.
Potlatchdeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. Potlatchdeltic had a return on equity of 10.87% and a net margin of 12.61%. The company had revenue of $217.25 million for the quarter, compared to analyst estimates of $225.86 million. During the same period last year, the company posted $0.62 earnings per share. Equities research analysts anticipate that Potlatchdeltic Corp will post 0.96 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Thursday, March 7th. Potlatchdeltic’s dividend payout ratio (DPR) is presently 70.18%.
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program.
Further Reading: Growth and Income Funds
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