PotlatchDeltic Co. (NASDAQ:PCH) Stock Holdings Lessened by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,055,796 shares of the real estate investment trust's stock after selling 9,988 shares during the quarter. Geode Capital Management LLC owned about 2.61% of PotlatchDeltic worth $80,706,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. TCW Group Inc. acquired a new stake in PotlatchDeltic during the 3rd quarter worth approximately $1,923,000. Allspring Global Investments Holdings LLC increased its position in shares of PotlatchDeltic by 4.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust's stock worth $6,364,000 after acquiring an additional 7,567 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock valued at $44,960,000 after acquiring an additional 245,026 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of PotlatchDeltic by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock valued at $60,554,000 after acquiring an additional 70,745 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of PotlatchDeltic by 9.0% during the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock valued at $314,000 after acquiring an additional 662 shares in the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the completion of the transaction, the vice president now directly owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the sale, the chief executive officer now directly owns 281,133 shares in the company, valued at $12,583,513.08. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock worth $834,770 over the last three months. Corporate insiders own 1.00% of the company's stock.

PotlatchDeltic Stock Performance

NASDAQ:PCH traded down $0.71 during trading hours on Wednesday, reaching $38.49. 292,235 shares of the stock were exchanged, compared to its average volume of 443,166. PotlatchDeltic Co. has a 52 week low of $36.82 and a 52 week high of $48.12. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.03 billion, a P/E ratio of 137.46 and a beta of 1.12. The firm has a 50 day simple moving average of $44.00 and a 200-day simple moving average of $42.83.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its earnings results 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%. As a group, sell-side analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic's dividend payout ratio is currently 642.86%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Raymond James raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research report on Monday, December 23rd. Citigroup reduced 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. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Truist Financial reduced their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Finally, DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PotlatchDeltic has a consensus rating of "Moderate Buy" and an average price target of $48.71.

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.