Healthcare of Ontario Pension Plan Trust Fund Purchases New Shares in PotlatchDeltic Co. (NASDAQ:PCH)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 22,000 shares of the real estate investment trust’s stock, valued at approximately $1,034,000.

A number of other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. lifted its position in PotlatchDeltic by 370.7% during the 1st quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 556 shares during the period. Planned Solutions Inc. acquired a new position in shares of PotlatchDeltic in the 4th quarter valued at $60,000. Valeo Financial Advisors LLC bought a new position in shares of PotlatchDeltic in the 4th quarter worth $209,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of PotlatchDeltic in the 4th quarter worth $280,000. Finally, BTC Capital Management Inc. acquired a new stake in shares of PotlatchDeltic during the first quarter worth $277,000. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Stock Up 3.2 %

Shares of PCH traded up $1.30 on Thursday, hitting $42.04. The company’s stock had a trading volume of 683,488 shares, compared to its average volume of 427,313. The firm’s fifty day moving average price is $40.91 and its 200-day moving average price is $43.47. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $53.75. The company has a quick ratio of 1.12, a current ratio of 1.42 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 71.86, a P/E/G ratio of 9.40 and a beta of 1.12.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Friday, June 7th. PotlatchDeltic’s dividend payout ratio is 315.80%.

Wall Street Analyst Weigh In

PCH has been the topic of a number of analyst reports. Royal Bank of Canada upgraded shares of PotlatchDeltic from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $45.00 to $46.00 in a research report on Wednesday, May 1st. Truist Financial cut their target price on shares of PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.00.

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.