Janus Henderson Group PLC Has $61.91 Million Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Janus Henderson Group PLC raised its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 19.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,316,743 shares of the real estate investment trust’s stock after purchasing an additional 212,121 shares during the period. Janus Henderson Group PLC owned 1.66% of PotlatchDeltic worth $61,913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BOKF NA acquired a new stake in shares of PotlatchDeltic in the first quarter worth $291,000. Westwood Holdings Group Inc. grew its stake in shares of PotlatchDeltic by 10.3% in the first quarter. Westwood Holdings Group Inc. now owns 1,606,131 shares of the real estate investment trust’s stock worth $75,520,000 after acquiring an additional 149,920 shares during the last quarter. MQS Management LLC grew its stake in shares of PotlatchDeltic by 13.8% in the first quarter. MQS Management LLC now owns 13,873 shares of the real estate investment trust’s stock worth $652,000 after acquiring an additional 1,678 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in PotlatchDeltic in the first quarter worth $1,034,000. Finally, Saturna Capital Corp lifted its position in PotlatchDeltic by 13.4% in the first quarter. Saturna Capital Corp now owns 8,725 shares of the real estate investment trust’s stock worth $410,000 after purchasing an additional 1,030 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

PotlatchDeltic Stock Performance

PCH stock traded up $1.82 during trading hours on Tuesday, hitting $45.16. 642,434 shares of the stock were exchanged, compared to its average volume of 429,109. The company has a current ratio of 1.42, a quick ratio of 1.12 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.59 billion, a P/E ratio of 77.46, a P/E/G ratio of 9.83 and a beta of 1.12. The company has a 50-day simple moving average of $40.85 and a two-hundred day simple moving average of $43.31. PotlatchDeltic Co. has a 12 month low of $37.06 and a 12 month high of $53.72.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.17 EPS for the quarter, hitting analysts’ consensus estimates of $0.17. PotlatchDeltic had a return on equity of 0.74% and a net margin of 4.58%. The company had revenue of $320.70 million for the quarter, compared to analysts’ expectations of $305.01 million. During the same quarter last year, the business earned $0.06 earnings per share. PotlatchDeltic’s revenue was up 30.3% on a year-over-year basis. On average, analysts forecast that PotlatchDeltic Co. will post 0.22 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.99%. The ex-dividend date was Friday, June 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 315.80%.

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.