Barclays PLC Acquires 41,666 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Barclays PLC lifted its position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 25.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 205,450 shares of the real estate investment trust's stock after purchasing an additional 41,666 shares during the quarter. Barclays PLC owned about 0.26% of PotlatchDeltic worth $8,064,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Granite Investment Partners LLC raised its holdings in shares of PotlatchDeltic by 31.9% during the fourth quarter. Granite Investment Partners LLC now owns 134,857 shares of the real estate investment trust's stock valued at $5,293,000 after acquiring an additional 32,624 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in PotlatchDeltic by 806.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock valued at $98,000 after acquiring an additional 2,227 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of PotlatchDeltic in the fourth quarter valued at about $2,128,000. Legal & General Group Plc grew its stake in PotlatchDeltic by 4.0% in the 4th quarter. Legal & General Group Plc now owns 2,498,762 shares of the real estate investment trust's stock worth $98,076,000 after acquiring an additional 95,485 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in PotlatchDeltic by 41.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 33,548 shares of the real estate investment trust's stock worth $1,317,000 after purchasing an additional 9,759 shares during the period. Hedge funds and other institutional investors own 86.06% of the company's stock.

Insider Buying and Selling at PotlatchDeltic

In related news, VP Michele Tyler sold 3,170 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.72, for a total value of $141,762.40. Following the sale, the vice president now owns 39,446 shares of the company's stock, valued at $1,764,025.12. This trade represents a 7.44 % 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 that occurred 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 owns 281,133 shares of the company's stock, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,651 shares of company stock valued at $834,770. Corporate insiders own 1.00% of the company's stock.

PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH traded down $0.80 during trading on Tuesday, hitting $38.65. The company's stock had a trading volume of 203,536 shares, compared to its average volume of 450,311. The company has a 50-day moving average of $43.04 and a 200-day moving average of $42.53. 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 firm has a market cap of $3.04 billion, a price-to-earnings ratio of 137.55 and a beta of 1.12. PotlatchDeltic Co. has a 12 month low of $36.82 and a 12 month high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The business had revenue of $268.26 million for the quarter, compared to analyst estimates of $243.68 million. The business's revenue was up 17.6% compared to the same quarter last year. On average, sell-side analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $0.45 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.66%. PotlatchDeltic's payout ratio is 642.86%.

Analyst Ratings Changes

A number of equities analysts recently commented on PCH shares. Truist Financial decreased their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Citigroup lowered their price target on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Two 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 has an average rating of "Moderate Buy" and an average target price of $48.43.

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.