Grantham Mayo Van Otterloo & Co. LLC Boosts Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 348,323 shares of the real estate investment trust's stock after acquiring an additional 79,500 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.44% of PotlatchDeltic worth $13,672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank bought a new position in PotlatchDeltic during the 4th quarter worth about $217,145,000. Charles Schwab Investment Management Inc. boosted its stake in shares of PotlatchDeltic by 4.8% during the fourth 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 purchasing an additional 70,745 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in PotlatchDeltic by 27.2% during the fourth quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock valued at $44,960,000 after buying an additional 245,026 shares during the period. Wellington Management Group LLP raised its stake in PotlatchDeltic by 2.3% in the fourth quarter. Wellington Management Group LLP now owns 1,061,497 shares of the real estate investment trust's stock worth $41,664,000 after buying an additional 23,975 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in PotlatchDeltic by 26.5% during the fourth quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust's stock worth $15,107,000 after buying an additional 80,580 shares during the period. Institutional investors own 86.06% of the company's stock.

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PotlatchDeltic Stock Performance

Shares of PotlatchDeltic stock traded down $0.63 on Friday, reaching $38.66. 155,352 shares of the stock were exchanged, compared to its average volume of 439,866. PotlatchDeltic Co. has a twelve month low of $36.82 and a twelve month high of $48.12. The business has a 50 day moving average price of $44.32 and a two-hundred day moving average price of $42.95. 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 firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 137.39 and a beta of 1.12.

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, 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%. Analysts anticipate 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. Shareholders of record on Friday, March 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic's dividend payout ratio is currently 642.86%.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.72, for a total value 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. The trade was a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric J. Cremers sold 14,188 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $12,583,513.08. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,651 shares of company stock worth $834,770. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PCH. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. DA Davidson set a $54.00 target price on PotlatchDeltic in a research note on Wednesday, January 29th. Raymond James raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research report on Monday, December 23rd. Citigroup decreased their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Finally, Truist Financial dropped their price target on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, PotlatchDeltic currently has an average rating of "Moderate Buy" and a consensus target price 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.