PotlatchDeltic Co. (NASDAQ:PCH) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,249 shares of the real estate investment trust’s stock after purchasing an additional 2,759 shares during the period. State of New Jersey Common Pension Fund D’s holdings in PotlatchDeltic were worth $2,664,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in shares of PotlatchDeltic by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,310,548 shares of the real estate investment trust’s stock valued at $59,486,000 after acquiring an additional 43,924 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of PotlatchDeltic by 21.2% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 759,426 shares of the real estate investment trust’s stock valued at $34,470,000 after acquiring an additional 133,066 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of PotlatchDeltic by 2.1% during the third quarter. Principal Financial Group Inc. now owns 325,425 shares of the real estate investment trust’s stock valued at $14,771,000 after acquiring an additional 6,575 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC grew its stake in shares of PotlatchDeltic by 2.9% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 252,310 shares of the real estate investment trust’s stock valued at $11,452,000 after acquiring an additional 7,165 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of PotlatchDeltic by 0.8% during the third quarter. Swiss National Bank now owns 175,714 shares of the real estate investment trust’s stock valued at $7,976,000 after acquiring an additional 1,400 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PCH shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $48.00 price target on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Truist Financial reduced their price target on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.33.

PotlatchDeltic Stock Performance

Shares of PCH stock opened at $40.01 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.44. PotlatchDeltic Co. has a one year low of $39.86 and a one year high of $54.44. The company’s 50-day simple moving average is $44.64 and its 200-day simple moving average is $45.63. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 70.19 and a beta of 1.15.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.50%. PotlatchDeltic’s dividend payout ratio is currently 315.80%.

Insiders Place Their Bets

In other PotlatchDeltic news, CFO Wayne Wasechek sold 1,565 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the transaction, the chief financial officer now owns 21,247 shares of the company’s stock, valued at $958,877.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other PotlatchDeltic news, CEO Eric J. Cremers sold 17,591 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $793,881.83. Following the transaction, the chief executive officer now owns 241,111 shares of the company’s stock, valued at $10,881,339.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Wayne Wasechek sold 1,565 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the sale, the chief financial officer now directly owns 21,247 shares in the company, valued at approximately $958,877.11. The disclosure for this sale can be found here. Insiders have sold 23,124 shares of company stock valued at $1,043,626 over the last quarter. Insiders own 1.00% of the company’s stock.

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.