Congress Asset Management Co. Buys 15,779 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Congress Asset Management Co. grew its position in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 167,183 shares of the real estate investment trust's stock after buying an additional 15,779 shares during the quarter. Congress Asset Management Co. owned approximately 0.21% of PotlatchDeltic worth $6,562,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock worth $44,000 after buying an additional 818 shares during the last quarter. KBC Group NV lifted its position in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 1,483 shares in the last quarter. Systematic Financial Management LP acquired a new position in shares of PotlatchDeltic during the third quarter worth approximately $166,000. FMR LLC lifted its position in shares of 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 purchasing an additional 733 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of PotlatchDeltic during the third quarter worth approximately $257,000. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Trading Down 0.8 %

NASDAQ PCH traded down $0.35 during trading hours on Friday, hitting $45.09. The company's stock had a trading volume of 390,274 shares, compared to its average volume of 429,799. The stock has a fifty day moving average of $41.81 and a 200 day moving average of $42.66. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $47.65. The firm has a market capitalization of $3.55 billion, a P/E ratio of 161.04 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 (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. Equities research analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.80 annualized dividend and a yield of 3.99%. PotlatchDeltic's dividend payout ratio (DPR) is presently 642.86%.

Insiders Place Their Bets

In other PotlatchDeltic news, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value 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. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the sale, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at $12,583,513.08. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,651 shares of company stock worth $834,770. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PCH shares. 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. Citigroup reduced their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reiterated an "outperform" rating and set a $50.00 target price on shares of PotlatchDeltic in a research report on Wednesday, October 30th. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, DA Davidson reiterated a "buy" rating and set a $53.00 target price on shares of PotlatchDeltic in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PotlatchDeltic has an average rating of "Moderate Buy" and a consensus target price of $48.57.

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.