PotlatchDeltic Co. (NASDAQ:PCH) Shares Bought by Stephens Inc. AR

Stephens Inc. AR raised its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,995 shares of the real estate investment trust’s stock after purchasing an additional 662 shares during the period. Stephens Inc. AR’s holdings in PotlatchDeltic were worth $314,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Saturna Capital Corp lifted its stake in PotlatchDeltic by 3.7% in the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock valued at $452,000 after buying an additional 356 shares in the last quarter. Creative Planning lifted its position in shares of PotlatchDeltic by 13.6% in the third quarter. Creative Planning now owns 5,835 shares of the real estate investment trust’s stock valued at $263,000 after acquiring an additional 699 shares in the last quarter. FMR LLC lifted its position in shares of PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 733 shares in the last quarter. Windward Capital Management Co. CA boosted its stake in shares of PotlatchDeltic by 1.1% during the third quarter. Windward Capital Management Co. CA now owns 70,939 shares of the real estate investment trust’s stock valued at $3,196,000 after acquiring an additional 750 shares during the last quarter. Finally, Rock Point Advisors LLC increased its position in PotlatchDeltic by 0.8% during the 3rd quarter. Rock Point Advisors LLC now owns 108,071 shares of the real estate investment trust’s stock worth $4,869,000 after purchasing an additional 805 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the sale, the vice president now owns 39,446 shares in the company, valued at $1,764,025.12. This trade represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the transaction, the chief executive officer now owns 281,133 shares of the company’s stock, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,651 shares of company stock valued at $834,770. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PCH shares. DA Davidson restated a “buy” rating and issued a $53.00 target price on shares of PotlatchDeltic in a report on Tuesday, January 28th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Monday, December 23rd. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Friday, December 6th. Truist Financial cut their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, Citigroup decreased their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.57.

PotlatchDeltic Trading Down 0.8 %

Shares of PCH opened at $43.96 on Friday. The stock’s fifty day simple moving average is $41.68 and its 200 day simple moving average is $42.61. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $47.65. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.46 billion, a P/E ratio of 157.00 and a beta of 1.17.

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

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s payout ratio is currently 642.86%.

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.