Legal & General Group Plc Acquires 95,485 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Legal & General Group Plc boosted its position in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,498,762 shares of the real estate investment trust's stock after acquiring an additional 95,485 shares during the period. Legal & General Group Plc owned 3.17% of PotlatchDeltic worth $98,076,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PCH. EagleClaw Capital Managment LLC lifted its position in shares of PotlatchDeltic by 0.5% during the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust's stock worth $2,442,000 after purchasing an additional 300 shares during the last quarter. Xponance Inc. increased its position in PotlatchDeltic by 4.3% in the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock worth $420,000 after buying an additional 446 shares during the period. Fiduciary Counselling Inc. boosted its position in shares of PotlatchDeltic by 0.5% in the fourth quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust's stock valued at $4,581,000 after acquiring an additional 607 shares during the period. LPL Financial LLC grew its stake in shares of PotlatchDeltic by 3.3% in the fourth quarter. LPL Financial LLC now owns 20,266 shares of the real estate investment trust's stock worth $795,000 after acquiring an additional 654 shares during the last quarter. Finally, Stephens Inc. AR grew its stake in shares of PotlatchDeltic by 9.0% in the fourth quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock worth $314,000 after acquiring an additional 662 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

PCH has been the subject of a number of research reports. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Raymond James raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research report on Monday, December 23rd. Citigroup decreased their target price on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. DA Davidson set a $54.00 price target on PotlatchDeltic in a report on Wednesday, January 29th. Finally, Truist Financial lowered their price objective on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, PotlatchDeltic has an average rating of "Moderate Buy" and an average target price of $48.71.

Insider Transactions at PotlatchDeltic

In related news, CFO Wayne Wasechek sold 1,293 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 27,701 shares of the company's stock, valued at $1,241,558.82. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Michele Tyler sold 3,170 shares of the company's stock in a transaction 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 transaction, the vice president now directly owns 39,446 shares in the company, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock valued at $834,770 in the last three months. 2.00% of the stock is owned by corporate insiders.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock traded down $0.08 during midday trading on Tuesday, hitting $39.26. 227,100 shares of the company were exchanged, compared to its average volume of 441,760. The firm has a 50 day simple moving average of $44.12 and a 200-day simple moving average of $42.85. PotlatchDeltic Co. has a 52 week low of $36.82 and a 52 week high of $48.12. The firm has a market cap of $3.09 billion, a P/E ratio of 140.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping 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%. Research analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The company also recently announced 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 4.59%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's dividend payout ratio (DPR) is currently 642.86%.

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.