Allspring Global Investments Holdings LLC Boosts Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Allspring Global Investments Holdings LLC raised its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 162,135 shares of the real estate investment trust’s stock after acquiring an additional 7,567 shares during the period. Allspring Global Investments Holdings LLC’s holdings in PotlatchDeltic were worth $6,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of PCH. Fifth Third Bancorp grew its stake in PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 818 shares in the last quarter. KBC Group NV grew its stake 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 in the last quarter. Systematic Financial Management LP purchased a new position in PotlatchDeltic during the third quarter valued at approximately $166,000. FMR LLC lifted its position in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 733 shares during the last quarter. Finally, Versor Investments LP bought a new stake in PotlatchDeltic during the third quarter valued at approximately $257,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Insider Activity

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The shares were 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 of the company’s stock, valued at $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares of the company’s stock, valued at $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. Insiders have sold a total of 18,651 shares of company stock worth $834,770 over the last quarter. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, December 23rd. Citigroup lowered 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. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, DA Davidson reissued a “buy” rating and set a $53.00 price objective on shares of PotlatchDeltic in a research report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PotlatchDeltic has a consensus rating of “Moderate Buy” and an average target price of $48.57.

PotlatchDeltic Price Performance

PCH opened at $44.53 on Thursday. The company’s 50-day simple moving average is $41.71 and its two-hundred day simple moving average is $42.63. PotlatchDeltic Co. has a 52-week low of $37.06 and a 52-week high of $47.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. The stock has a market capitalization of $3.51 billion, a P/E ratio of 159.04 and a beta of 1.17.

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

PotlatchDeltic Dividend Announcement

The business also recently disclosed 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 4.04%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s payout ratio is currently 642.86%.

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.