PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT reduced its position in PotlatchDeltic Co. (NASDAQ:PCH) by 28.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,468 shares of the real estate investment trust’s stock after selling 7,942 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in PotlatchDeltic were worth $806,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of PotlatchDeltic by 0.5% in the first quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock valued at $551,844,000 after purchasing an additional 57,237 shares during the last quarter. Norges Bank acquired a new stake in PotlatchDeltic during the 4th quarter valued at $150,557,000. Westwood Holdings Group Inc. grew its holdings in PotlatchDeltic by 10.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,606,131 shares of the real estate investment trust’s stock valued at $75,520,000 after buying an additional 149,920 shares during the last quarter. Janus Henderson Group PLC increased its position in PotlatchDeltic by 19.2% during the first quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock worth $61,913,000 after buying an additional 212,121 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of PotlatchDeltic by 79.3% in the fourth quarter. Schroder Investment Management Group now owns 769,957 shares of the real estate investment trust’s stock worth $37,805,000 after acquiring an additional 340,555 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Stock Performance

NASDAQ:PCH opened at $46.08 on Friday. The company has a market cap of $3.64 billion, a P/E ratio of 80.84, a P/E/G ratio of 1,042.57 and a beta of 1.13. The firm’s 50 day moving average is $42.53 and its two-hundred day moving average is $42.68. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $50.04. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

PotlatchDeltic (NASDAQ:PCH) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting the consensus estimate of $0.17. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. The business had revenue of $320.70 million for the quarter, compared to analyst estimates of $305.01 million. During the same period last year, the company posted $0.06 EPS. The business’s quarterly revenue was up 30.3% on a year-over-year basis.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th 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 3.91%. The ex-dividend date of this dividend is Friday, September 13th. PotlatchDeltic’s payout ratio is currently 315.80%.

Insider Buying and Selling

In other PotlatchDeltic news, VP Ashlee Townsend Cribb sold 4,114 shares of the business’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $43.11, for a total transaction of $177,354.54. Following the completion of the sale, the vice president now directly owns 29,039 shares in the company, valued at $1,251,871.29. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PCH. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, August 9th. Truist Financial cut their price target on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Royal Bank of Canada raised their price objective on PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Bank of America upgraded PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $47.67.

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.