Natixis Advisors LLC Cuts Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

Natixis Advisors LLC lowered its stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 40.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,371 shares of the real estate investment trust's stock after selling 8,483 shares during the period. Natixis Advisors LLC's holdings in PotlatchDeltic were worth $486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings 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 worth $44,000 after buying an additional 818 shares in the last quarter. Systematic Financial Management LP purchased a new stake in shares of PotlatchDeltic during the 3rd quarter valued at about $166,000. KBC Group NV boosted its holdings in shares of PotlatchDeltic by 67.3% during the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock valued at $145,000 after acquiring an additional 1,483 shares during the last quarter. FMR LLC grew its stake 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 period. Finally, Paloma Partners Management Co purchased a new position in shares of PotlatchDeltic during the third quarter valued at approximately $284,000. Hedge funds and other institutional investors own 86.06% of the company's stock.

Insider Buying and Selling at PotlatchDeltic

In related news, CEO Eric J. Cremers sold 14,188 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Wayne Wasechek sold 1,293 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer now owns 27,701 shares in the company, valued at approximately $1,241,558.82. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,651 shares of company stock valued at $834,770 over the last ninety days. 2.00% of the stock is currently owned by company insiders.

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PotlatchDeltic Stock Performance

Shares of NASDAQ:PCH traded up $0.30 during mid-day trading on Monday, reaching $45.12. 723,123 shares of the company traded hands, compared to its average volume of 434,269. The company's 50 day moving average price is $44.78 and its 200-day moving average price is $43.25. The firm has a market cap of $3.55 billion, a PE ratio of 161.14 and a beta of 1.14. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $48.12. 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 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%. On average, equities analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have commented on PCH. Truist Financial cut their target price 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. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Raymond James raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 target price on the stock in a report on Monday, December 23rd. BMO Capital Markets upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price target for the company in a research note on Friday, December 6th. Finally, DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PotlatchDeltic has an average rating of "Moderate Buy" and a consensus 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.