PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 51.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,099 shares of the real estate investment trust's stock after selling 78,300 shares during the quarter. Renaissance Technologies LLC owned about 0.09% of PotlatchDeltic worth $2,908,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Fifth Third Bancorp boosted its stake in shares of PotlatchDeltic by 259.7% during the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 818 shares in the last quarter. KBC Group NV grew its position in PotlatchDeltic by 67.3% during the fourth 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 period. Stephens Inc. AR grew its stake in PotlatchDeltic by 9.0% during the fourth quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock worth $314,000 after buying an additional 662 shares during the period. Procyon Advisors LLC lifted its stake in shares of PotlatchDeltic by 37.3% during the fourth quarter. Procyon Advisors LLC now owns 9,241 shares of the real estate investment trust's stock worth $363,000 after purchasing an additional 2,511 shares in the last quarter. Finally, Natural Investments LLC acquired a new stake in PotlatchDeltic during the 4th quarter valued at $370,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 29th. Citigroup decreased their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Finally, Truist Financial dropped their price objective on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $48.43.

Insider Buying and Selling at PotlatchDeltic

In other news, 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 transaction, the chief executive officer now directly owns 281,133 shares in the company, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Michele Tyler sold 3,170 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the completion of the transaction, the vice president now owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,651 shares of company stock worth $834,770. 1.00% of the stock is owned by insiders.

PotlatchDeltic Stock Up 1.2 %

Shares of NASDAQ PCH traded up $0.46 during trading on Monday, hitting $39.54. 380,568 shares of the company traded hands, compared to its average volume of 449,679. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 140.79 and a beta of 1.12. The business's fifty day moving average is $43.14 and its 200 day moving average is $42.55. PotlatchDeltic Co. has a fifty-two week low of $36.82 and a fifty-two week 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 quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share 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%. Equities research analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.55%. PotlatchDeltic's dividend payout ratio (DPR) is 642.86%.

About PotlatchDeltic

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.