Victory Capital Management Inc. Has $1.65 Million Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

Victory Capital Management Inc. lifted its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 91.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,976 shares of the real estate investment trust’s stock after purchasing an additional 20,022 shares during the quarter. Victory Capital Management Inc. owned 0.05% of PotlatchDeltic worth $1,648,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of PotlatchDeltic by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust’s stock valued at $60,554,000 after purchasing an additional 70,745 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of PotlatchDeltic by 34.0% during the fourth quarter. Fisher Asset Management LLC now owns 302,959 shares of the real estate investment trust’s stock worth $11,891,000 after acquiring an additional 76,924 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of PotlatchDeltic during the fourth quarter worth about $741,000. New York State Common Retirement Fund increased its holdings in PotlatchDeltic by 17.3% in the fourth quarter. New York State Common Retirement Fund now owns 271,698 shares of the real estate investment trust’s stock worth $10,664,000 after purchasing an additional 40,058 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its holdings in PotlatchDeltic by 34.5% in the fourth quarter. Peregrine Capital Management LLC now owns 136,782 shares of the real estate investment trust’s stock worth $5,369,000 after purchasing an additional 35,102 shares in the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup lowered their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a report on Friday, December 6th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 23rd. DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th. Finally, StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.71.

PotlatchDeltic Stock Down 0.2 %

Shares of NASDAQ:PCH opened at $45.65 on Wednesday. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 163.04 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $48.12. The business’s 50 day moving average is $43.95 and its 200 day moving average is $43.12.

PotlatchDeltic (NASDAQ:PCH) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) 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, sell-side analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $0.45 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.80 annualized dividend and a yield of 3.94%. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

Insiders Place Their Bets

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 stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the sale, the chief executive officer now directly owns 281,133 shares in the company, valued at $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Michele Tyler sold 3,170 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.72, for a total value of $141,762.40. Following the completion of the sale, the vice president now owns 39,446 shares in the company, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,651 shares of company stock valued at $834,770. Insiders own 2.00% of the company’s stock.

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.