Rhumbline Advisers Has $10.92 Million Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

Rhumbline Advisers lessened its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 278,278 shares of the real estate investment trust’s stock after selling 5,452 shares during the quarter. Rhumbline Advisers owned approximately 0.35% of PotlatchDeltic worth $10,922,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in PCH. Fifth Third Bancorp increased its position in shares of PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 818 shares during the period. KBC Group NV boosted its position in PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 1,483 shares during the last quarter. Systematic Financial Management LP bought a new stake in PotlatchDeltic during the third quarter valued at $166,000. FMR LLC grew its holdings in PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 733 shares during the period. Finally, Versor Investments LP bought a new position in shares of PotlatchDeltic in the 3rd quarter worth about $257,000. Institutional investors own 86.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PCH shares. DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Friday, December 6th. Truist Financial cut their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Finally, Citigroup reduced their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.71.

Insider Buying and Selling

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 stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the transaction, the vice president now owns 39,446 shares of the company’s stock, valued at $1,764,025.12. The trade was a 7.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,651 shares of company stock valued at $834,770. 2.00% of the stock is owned by insiders.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $45.09 on Monday. The company has a market cap of $3.55 billion, a P/E ratio of 161.04 and a beta of 1.17. The company has a fifty day simple moving average of $41.81 and a 200 day simple moving average of $42.66. The company has a current ratio of 1.49, a quick ratio of 1.08 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 $47.65.

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

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is presently 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.