Janus Henderson Group PLC Buys 111,508 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Janus Henderson Group PLC grew its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 14.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 890,067 shares of the real estate investment trust’s stock after acquiring an additional 111,508 shares during the quarter. Janus Henderson Group PLC owned about 1.13% of PotlatchDeltic worth $34,935,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PCH. Norges Bank purchased a new position in shares of PotlatchDeltic in the 4th quarter valued at $217,145,000. Balyasny Asset Management L.P. increased its holdings in shares of PotlatchDeltic by 256.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 567,371 shares of the real estate investment trust’s stock valued at $22,269,000 after acquiring an additional 408,355 shares during the period. Deprince Race & Zollo Inc. increased its holdings in shares of PotlatchDeltic by 17.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust’s stock valued at $92,623,000 after acquiring an additional 351,777 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust’s stock valued at $44,960,000 after acquiring an additional 245,026 shares during the period. Finally, Crestline Management LP purchased a new position in shares of PotlatchDeltic in the 4th quarter valued at $7,227,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Trading Down 2.2%

Shares of NASDAQ:PCH opened at $39.22 on Thursday. The business’s 50-day moving average is $41.24 and its 200 day moving average is $42.18. PotlatchDeltic Co. has a 1 year low of $36.82 and a 1 year high of $48.12. The firm has a market capitalization of $3.08 billion, a P/E ratio of 140.07 and a beta of 1.16. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. The company had revenue of $268.26 million for the quarter, compared to analyst estimates of $243.68 million. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, research analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, June 6th. This represents a $1.80 annualized dividend and a yield of 4.59%. PotlatchDeltic’s payout ratio is presently 295.08%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Citigroup cut their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Truist Financial reduced their target price on PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Finally, DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.43.

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.