American International Group Inc. Has $6.74 Million Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

American International Group Inc. reduced its position in PotlatchDeltic Co. (NASDAQ:PCH) by 1.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 143,427 shares of the real estate investment trust’s stock after selling 2,482 shares during the period. American International Group Inc. owned about 0.18% of PotlatchDeltic worth $6,744,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of PotlatchDeltic during the 4th quarter valued at about $150,557,000. Russell Investments Group Ltd. increased its holdings in shares of PotlatchDeltic by 353.2% during the 1st quarter. Russell Investments Group Ltd. now owns 455,008 shares of the real estate investment trust’s stock valued at $21,394,000 after acquiring an additional 354,616 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of PotlatchDeltic by 79.3% during the 4th quarter. Schroder Investment Management Group now owns 769,957 shares of the real estate investment trust’s stock valued at $37,805,000 after acquiring an additional 340,555 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in shares of PotlatchDeltic by 14.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,456,211 shares of the real estate investment trust’s stock valued at $71,500,000 after acquiring an additional 188,333 shares during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of PotlatchDeltic by 224.2% during the 4th quarter. Corient Private Wealth LLC now owns 159,175 shares of the real estate investment trust’s stock valued at $7,815,000 after acquiring an additional 110,078 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Price Performance

Shares of PCH stock opened at $42.04 on Friday. The stock has a 50 day moving average of $40.87 and a two-hundred day moving average of $43.46. 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 Co. has a 12 month low of $37.06 and a 12 month high of $53.75. The company has a market capitalization of $3.34 billion, a P/E ratio of 73.76, a P/E/G ratio of 9.30 and a beta of 1.12.

PotlatchDeltic Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PCH shares. Royal Bank of Canada raised PotlatchDeltic from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $45.00 to $46.00 in a report on Wednesday, May 1st. Truist Financial decreased their target price on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating for the company in a research note on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $44.00.

PotlatchDeltic Company 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.