Pictet Asset Management Holding SA Has $96.10 Million Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

Pictet Asset Management Holding SA trimmed its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,448,285 shares of the real estate investment trust's stock after selling 33,490 shares during the period. Pictet Asset Management Holding SA owned 3.11% of PotlatchDeltic worth $96,095,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. New Age Alpha Advisors LLC acquired a new stake in PotlatchDeltic during the fourth quarter worth about $423,000. Norges Bank acquired a new stake in shares of PotlatchDeltic during the 4th quarter worth approximately $217,145,000. JPMorgan Chase & Co. lifted its holdings 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 worth $44,960,000 after purchasing an additional 245,026 shares during the last quarter. LPL Financial LLC boosted its position in PotlatchDeltic by 3.3% during the 4th quarter. LPL Financial LLC now owns 20,266 shares of the real estate investment trust's stock valued at $795,000 after purchasing an additional 654 shares during the period. Finally, Fox Run Management L.L.C. boosted its position in PotlatchDeltic by 204.2% during the 4th quarter. Fox Run Management L.L.C. now owns 22,717 shares of the real estate investment trust's stock valued at $892,000 after purchasing an additional 15,249 shares during the period. 86.06% of the stock is currently owned by institutional investors.

Insider Activity

In other PotlatchDeltic news, 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 owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.82, for a total value of $57,952.26. Following the sale, the chief financial officer now directly owns 27,701 shares of the company's stock, valued at approximately $1,241,558.82. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,651 shares of company stock worth $834,770 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

Several brokerages have weighed in on PCH. 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 research report on Monday, December 23rd. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Truist Financial cut their price objective 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. DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Finally, Citigroup cut their price target on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, PotlatchDeltic has an average rating of "Moderate Buy" and an average price target of $48.71.

PotlatchDeltic Price Performance

Shares of PCH stock traded up $0.12 during midday trading on Wednesday, reaching $44.94. 81,622 shares of the company were exchanged, compared to its average volume of 432,856. The company's 50 day moving average price is $44.81 and its two-hundred day moving average price is $43.25. The company has a market cap of $3.54 billion, a P/E ratio of 160.49 and a beta of 1.14. PotlatchDeltic Co. has a 12 month low of $37.06 and a 12 month high of $48.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49.

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

PotlatchDeltic Dividend Announcement

The company also recently disclosed 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 4.01%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic's dividend payout ratio is presently 642.86%.

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.