New Age Alpha Advisors LLC Takes $423,000 Position in PotlatchDeltic Co. (NASDAQ:PCH)

New Age Alpha Advisors LLC bought a new position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,789 shares of the real estate investment trust's stock, valued at approximately $423,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of PotlatchDeltic in the 4th quarter valued at about $217,145,000. Charles Schwab Investment Management Inc. boosted its holdings in PotlatchDeltic by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock worth $60,554,000 after acquiring an additional 70,745 shares in the last quarter. JPMorgan Chase & Co. grew its stake in PotlatchDeltic by 27.2% in 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 acquiring an additional 245,026 shares during the period. Sei Investments Co. increased its holdings in shares of PotlatchDeltic by 26.5% during the fourth quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust's stock valued at $15,107,000 after acquiring an additional 80,580 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of PotlatchDeltic by 29.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust's stock worth $13,918,000 after purchasing an additional 69,887 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

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PotlatchDeltic Stock Performance

PCH traded down $2.15 during trading on Friday, hitting $40.38. 735,434 shares of the company traded hands, compared to its average volume of 435,942. The firm has a market cap of $3.18 billion, a P/E ratio of 144.21 and a beta of 1.14. 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 Co. has a one year low of $33.00 and a one year high of $48.12. The stock's fifty day moving average is $44.88 and its 200 day moving average is $43.26.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted 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 return on equity of 1.05% and a net margin of 2.06%. As a group, equities analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's dividend payout ratio is currently 642.86%.

Insider Buying and Selling at PotlatchDeltic

In related news, VP Michele Tyler sold 3,170 shares of the business's 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 sale, the vice president now directly owns 39,446 shares in the company, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their position. The transaction 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 firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 281,133 shares of the company's stock, valued at approximately $12,583,513.08. This represents a 4.80 % 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 three months. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PCH has been the subject of several research reports. Citigroup reduced their price target 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. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. Truist Financial lowered their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a report on Monday, January 6th. BMO Capital Markets raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 target price on the stock in a research report on Friday, December 6th. Finally, Raymond James upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a report on Monday, December 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $48.71.

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.