Allspring Global Investments Holdings LLC Purchases 7,567 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Allspring Global Investments Holdings LLC lifted its stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 owned approximately 0.21% of PotlatchDeltic worth $6,364,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Adelante Capital Management LLC boosted its stake in PotlatchDeltic by 3,486.3% during the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust's stock valued at $51,684,000 after buying an additional 1,115,272 shares during the period. JPMorgan Chase & Co. boosted its stake in PotlatchDeltic by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust's stock valued at $40,565,000 after buying an additional 163,774 shares during the period. Curi RMB Capital LLC boosted its stake in PotlatchDeltic by 0.5% during the third quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust's stock valued at $15,122,000 after buying an additional 1,578 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in PotlatchDeltic by 29.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust's stock valued at $13,918,000 after buying an additional 69,887 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in PotlatchDeltic by 6.1% during the third quarter. Fisher Asset Management LLC now owns 226,035 shares of the real estate investment trust's stock valued at $10,183,000 after buying an additional 13,006 shares during the period. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Trading Down 0.6 %

Shares of PCH traded down $0.30 during trading hours on Friday, hitting $45.15. The company had a trading volume of 169,245 shares, compared to its average volume of 422,904. The firm has a market cap of $3.56 billion, a P/E ratio of 161.23 and a beta of 1.17. The stock's 50 day moving average price is $41.76 and its 200 day moving average price is $42.65. 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 52-week low of $37.06 and a 52-week high of $47.65.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. On average, research 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 issued a $0.45 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 3.99%. PotlatchDeltic's dividend payout ratio is currently 642.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PCH shares. Truist Financial dropped their price objective on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a research note on Monday, January 6th. BMO Capital Markets upgraded 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. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Royal Bank of Canada restated an "outperform" rating and set a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Finally, Citigroup lowered their price target on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.57.

Insider Transactions at PotlatchDeltic

In related news, VP Michele Tyler sold 3,170 shares of the business's stock in a transaction dated 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 owns 39,446 shares in the company, valued at $1,764,025.12. The trade was a 7.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Wayne Wasechek sold 1,293 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,651 shares of company stock worth $834,770. Company insiders own 2.00% of the company's stock.

PotlatchDeltic Company 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.