PotlatchDeltic Co. (NASDAQ:PCH) Shares Bought by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC increased its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 90.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 333,500 shares of the real estate investment trust's stock after acquiring an additional 158,500 shares during the period. Ceredex Value Advisors LLC owned approximately 0.42% of PotlatchDeltic worth $13,090,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PCH. Fifth Third Bancorp grew its stake in PotlatchDeltic by 259.7% in 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. Sterling Capital Management LLC increased its position in PotlatchDeltic by 806.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after buying an additional 2,227 shares in the last quarter. KBC Group NV raised its holdings in shares of PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 1,483 shares during the last quarter. FMR LLC raised its holdings in shares of PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust's stock worth $195,000 after acquiring an additional 733 shares during the last quarter. Finally, Mariner LLC boosted its stake in shares of PotlatchDeltic by 33.8% during the fourth quarter. Mariner LLC now owns 6,718 shares of the real estate investment trust's stock valued at $264,000 after acquiring an additional 1,698 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company's stock.

PotlatchDeltic Trading Up 1.6 %

Shares of PotlatchDeltic stock traded up $0.60 during trading hours on Tuesday, reaching $38.91. The stock had a trading volume of 118,797 shares, compared to its average volume of 444,462. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. PotlatchDeltic Co. has a 1 year low of $36.82 and a 1 year high of $48.12. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 138.99 and a beta of 1.12. The firm has a 50 day simple moving average of $43.56 and a two-hundred day simple moving average of $42.67.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. As a group, equities research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic's dividend payout ratio (DPR) is 642.86%.

Insider Transactions at PotlatchDeltic

In other PotlatchDeltic news, CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic stock in a transaction that occurred 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 $1,241,558.82. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,651 shares of company stock valued at $834,770. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PCH. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Truist Financial cut their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a research report on Monday, January 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 research report on Monday, December 23rd. DA Davidson set a $54.00 price target on PotlatchDeltic in a report on Wednesday, January 29th. Finally, Citigroup decreased their price objective on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. 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, PotlatchDeltic has an average rating of "Moderate Buy" and an average target price 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.