Charles Schwab Investment Management Inc. Raises Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Charles Schwab Investment Management Inc. increased its position in PotlatchDeltic Co. (NASDAQ:PCH) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,542,771 shares of the real estate investment trust’s stock after buying an additional 70,745 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.96% of PotlatchDeltic worth $60,554,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Adelante Capital Management LLC increased its position in PotlatchDeltic by 3,486.3% during the 3rd 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 purchasing an additional 1,115,272 shares during the period. Heitman Real Estate Securities LLC purchased a new position in PotlatchDeltic during the 3rd quarter valued at $8,153,000. JPMorgan Chase & Co. increased its position in PotlatchDeltic by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after purchasing an additional 163,774 shares during the period. NFJ Investment Group LLC purchased a new position in PotlatchDeltic during the 3rd quarter valued at $5,878,000. Finally, Barclays PLC increased its position in PotlatchDeltic by 147.7% during the 3rd quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust’s stock valued at $7,378,000 after purchasing an additional 97,655 shares during the period. 86.06% of the stock is owned by hedge funds and other institutional investors.

PotlatchDeltic Stock Performance

Shares of PCH stock opened at $44.12 on Thursday. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $48.12. The company’s 50-day moving average is $43.50 and its 200 day moving average is $43.06. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 157.57 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. Sell-side analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s payout ratio is presently 642.86%.

Analyst Ratings Changes

A number of brokerages have issued reports on PCH. Citigroup reduced their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. BMO Capital Markets raised 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 reduced their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 23rd. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, PotlatchDeltic presently has an average rating of “Moderate Buy” and an average target price of $48.71.

Insider Activity

In related news, CFO Wayne Wasechek sold 1,293 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the transaction, the chief financial officer now owns 27,701 shares of the company’s stock, valued at approximately $1,241,558.82. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Eric J. Cremers sold 14,188 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 directly owns 281,133 shares in the company, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,651 shares of company stock valued at $834,770 in the last 90 days. 1.00% of the stock is currently owned by insiders.

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.