JPMorgan Chase & Co. Buys 245,026 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

JPMorgan Chase & Co. grew its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 27.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,145,473 shares of the real estate investment trust's stock after acquiring an additional 245,026 shares during the quarter. JPMorgan Chase & Co. owned 1.45% of PotlatchDeltic worth $44,960,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its stake in PotlatchDeltic by 4.8% in the 4th 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 acquiring an additional 70,745 shares in the last quarter. Sei Investments Co. raised its holdings in shares of PotlatchDeltic by 26.5% in 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 purchasing an additional 80,580 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of PotlatchDeltic by 29.2% in 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 in the last quarter. Fisher Asset Management LLC boosted its holdings in PotlatchDeltic by 34.0% during the fourth quarter. Fisher Asset Management LLC now owns 302,959 shares of the real estate investment trust's stock worth $11,891,000 after purchasing an additional 76,924 shares during the last quarter. Finally, New York State Common Retirement Fund grew its position in PotlatchDeltic by 17.3% in the fourth quarter. New York State Common Retirement Fund now owns 271,698 shares of the real estate investment trust's stock valued at $10,664,000 after purchasing an additional 40,058 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.

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PotlatchDeltic Stock Performance

Shares of PCH stock traded down $0.34 during trading on Friday, reaching $38.95. 417,505 shares of the company's stock were exchanged, compared to its average volume of 441,436. PotlatchDeltic Co. has a twelve month low of $36.82 and a twelve month high of $48.12. The firm's fifty day moving average price is $44.22 and its 200-day moving average price is $42.91. 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 stock has a market capitalization of $3.07 billion, a PE ratio of 139.11 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, 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%. As a group, sell-side analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $0.45 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.62%. PotlatchDeltic's dividend payout ratio (DPR) is currently 642.86%.

Analysts Set New Price Targets

A number of research firms have recently commented on PCH. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Raymond James raised 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 lowered their price target on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Truist Financial cut their price objective on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a report on Monday, January 6th. Finally, DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $48.71.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the 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 transaction, the vice president now owns 39,446 shares in the company, valued at $1,764,025.12. This trade represents a 7.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the sale, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at $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 in the last three months. 2.00% of the stock is currently owned by company insiders.

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.