Yousif Capital Management LLC Sells 1,113 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Yousif Capital Management LLC decreased its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,351 shares of the real estate investment trust’s stock after selling 1,113 shares during the period. Yousif Capital Management LLC’s holdings in PotlatchDeltic were worth $995,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Adelante Capital Management LLC increased its position in shares of PotlatchDeltic by 3,486.3% during the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock valued at $51,684,000 after acquiring an additional 1,115,272 shares in the last quarter. JPMorgan Chase & Co. grew its position in PotlatchDeltic by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock worth $40,565,000 after purchasing an additional 163,774 shares during the period. Curi RMB Capital LLC grew its position in PotlatchDeltic by 0.5% in the 3rd quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock worth $15,122,000 after purchasing an additional 1,578 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in PotlatchDeltic by 29.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust’s stock worth $13,918,000 after purchasing an additional 69,887 shares during the period. Finally, Fisher Asset Management LLC grew its position in PotlatchDeltic by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 226,035 shares of the real estate investment trust’s stock worth $10,183,000 after purchasing an additional 13,006 shares during the period. Institutional investors own 86.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on PCH shares. DA Davidson reaffirmed a “buy” rating and issued a $53.00 target price on shares of PotlatchDeltic in a research report on Tuesday, January 28th. Citigroup cut their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Truist Financial cut their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Friday, December 6th. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.57.

Insider Activity at PotlatchDeltic

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the sale, the chief executive officer now owns 281,133 shares in the company, valued at $12,583,513.08. The trade was a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the completion of the sale, the chief financial officer now owns 27,701 shares in the company, valued at approximately $1,241,558.82. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,651 shares of company stock worth $834,770. 2.00% of the stock is owned by corporate insiders.

PotlatchDeltic Trading Down 0.8 %

Shares of PCH stock opened at $43.96 on Friday. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $47.65. The firm has a fifty day moving average price of $41.68 and a 200-day moving average price of $42.63. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 157.00 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. As a group, equities analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is 642.86%.

About PotlatchDeltic

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.