Blue Trust Inc. Sells 924 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Blue Trust Inc. trimmed its position in PotlatchDeltic Co. (NASDAQ:PCH) by 43.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,211 shares of the real estate investment trust’s stock after selling 924 shares during the period. Blue Trust Inc.’s holdings in PotlatchDeltic were worth $48,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp raised its position in shares of PotlatchDeltic by 259.7% during the 4th 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 during the last quarter. Systematic Financial Management LP bought a new stake in PotlatchDeltic in the third quarter valued at about $166,000. KBC Group NV lifted its stake in PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 1,483 shares during the period. FMR LLC boosted its holdings in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 shares during the last quarter. Finally, Versor Investments LP acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth about $257,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

Insider Transactions at PotlatchDeltic

In related news, CFO Wayne Wasechek sold 1,293 shares of the company’s stock in a transaction dated 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 owns 27,701 shares in the company, valued at approximately $1,241,558.82. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Michele Tyler sold 3,170 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total value 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. This trade represents a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock valued at $834,770 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PCH. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research 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 target price on the stock in a report on Monday, December 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Citigroup dropped their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Finally, Truist Financial decreased their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s 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 Trading Down 1.2 %

Shares of NASDAQ:PCH opened at $45.43 on Thursday. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 162.25 and a beta of 1.17. The company has a quick ratio of 1.08, a current ratio of 1.49 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. The company’s fifty day simple moving average is $42.09 and its 200 day simple moving average is $42.74.

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

PotlatchDeltic Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is currently 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.