Vanguard Group Inc. Sells 84,250 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Vanguard Group Inc. cut its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,405,503 shares of the real estate investment trust’s stock after selling 84,250 shares during the period. Vanguard Group Inc. owned approximately 14.48% of PotlatchDeltic worth $447,666,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heitman Real Estate Securities LLC bought a new stake in PotlatchDeltic during the 3rd quarter worth approximately $8,153,000. JPMorgan Chase & Co. lifted its stake in PotlatchDeltic by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after acquiring an additional 163,774 shares in the last quarter. NFJ Investment Group LLC bought a new position in PotlatchDeltic during the 3rd quarter valued at $5,878,000. Barclays PLC boosted its holdings in PotlatchDeltic by 147.7% during the 3rd quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust’s stock worth $7,378,000 after acquiring an additional 97,655 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of PotlatchDeltic by 26.5% in the 4th quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust’s stock worth $15,107,000 after acquiring an additional 80,580 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

Insider Buying and Selling at PotlatchDeltic

In related news, CFO Wayne Wasechek sold 1,293 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the sale, the chief financial officer now directly owns 27,701 shares in the company, valued at approximately $1,241,558.82. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the transaction, the chief executive officer now owns 281,133 shares of the company’s stock, valued at approximately $12,583,513.08. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock valued at $834,770 in the last 90 days. 2.00% of the stock is currently owned by company insiders.

PotlatchDeltic Stock Performance

NASDAQ:PCH opened at $44.82 on Wednesday. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $48.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The business has a fifty day simple moving average of $44.81 and a two-hundred day simple moving average of $43.25. The company has a market capitalization of $3.53 billion, a P/E ratio of 160.07 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last announced 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 return on equity of 1.05% and a net margin of 2.06%. On average, analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $0.45 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.02%. PotlatchDeltic’s dividend payout ratio is 642.86%.

Analyst Upgrades and Downgrades

PCH has been the topic of several analyst reports. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Truist Financial reduced their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. DA Davidson set a $54.00 price target on PotlatchDeltic in a report on Wednesday, January 29th. Raymond James upgraded 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 decreased their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.71.

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.