Russell Investments Group Ltd. Lowers Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

Russell Investments Group Ltd. lessened its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 19.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 540,128 shares of the real estate investment trust's stock after selling 130,210 shares during the period. Russell Investments Group Ltd. owned approximately 0.69% of PotlatchDeltic worth $21,200,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PCH. TCW Group Inc. bought a new position in PotlatchDeltic in the 3rd quarter valued at $1,923,000. Allspring Global Investments Holdings LLC increased its holdings in PotlatchDeltic by 4.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust's stock worth $6,364,000 after buying an additional 7,567 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 worth $44,960,000 after acquiring an additional 245,026 shares during the period. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $60,554,000 after acquiring an additional 70,745 shares during the last quarter. Finally, Stephens Inc. AR grew its position in shares of PotlatchDeltic by 9.0% during the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock valued at $314,000 after acquiring an additional 662 shares during the period. 86.06% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other news, 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 transaction of $635,054.88. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michele Tyler sold 3,170 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.72, for a total value of $141,762.40. Following the completion of the sale, the vice president now directly owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock worth $834,770 in the last quarter. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

PCH has been the topic of several research analyst reports. Raymond James upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Monday, December 23rd. Citigroup decreased their price objective on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 29th. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, 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. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.71.

PotlatchDeltic Price Performance

Shares of PCH traded up $0.08 during trading hours on Tuesday, reaching $39.42. 103,510 shares of the company's stock traded hands, compared to its average volume of 441,238. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The firm's 50 day simple moving average is $44.12 and its 200-day simple moving average is $42.85. The stock has a market cap of $3.10 billion, a PE ratio of 141.03 and a beta of 1.12. PotlatchDeltic Co. has a 12 month low of $36.82 and a 12 month high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings results 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%. Equities analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $0.45 per share. The ex-dividend date was Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.57%. PotlatchDeltic's dividend payout ratio (DPR) is presently 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.