Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in PotlatchDeltic Co. (NASDAQ:PCH) by 12.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,905 shares of the real estate investment trust’s stock after buying an additional 2,447 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in PotlatchDeltic were worth $899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EagleClaw Capital Managment LLC lifted its stake in PotlatchDeltic by 0.5% in the fourth quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust’s stock worth $2,442,000 after acquiring an additional 300 shares during the period. Fiduciary Counselling Inc. raised its holdings in shares of PotlatchDeltic by 0.5% in the 4th quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust’s stock valued at $4,581,000 after purchasing an additional 607 shares in the last quarter. Stephens Inc. AR raised its holdings in shares of PotlatchDeltic by 9.0% in the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 662 shares in the last quarter. FMR LLC raised its holdings in shares of PotlatchDeltic by 20.4% in the 3rd 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 in the last quarter. Finally, Rock Point Advisors LLC raised its holdings in shares of PotlatchDeltic by 0.8% in the 3rd quarter. Rock Point Advisors LLC now owns 108,071 shares of the real estate investment trust’s stock valued at $4,869,000 after purchasing an additional 805 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

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

PotlatchDeltic Stock Down 0.0 %

NASDAQ:PCH opened at $45.74 on Friday. The company has a market cap of $3.60 billion, a PE ratio of 163.36 and a beta of 1.14. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $48.12. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $44.22 and its two-hundred day moving average is $43.15.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results 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%. Analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 yield of 3.94%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is presently 642.86%.

Insiders Place Their Bets

In other news, CFO Wayne Wasechek sold 1,293 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the sale, the chief financial officer now directly owns 27,701 shares of the company’s stock, valued at $1,241,558.82. This represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the company’s 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 sale, the chief executive officer now directly owns 281,133 shares in the company, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

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.