Raymond James Financial Inc. Makes New $2.13 Million Investment in PotlatchDeltic Co. (NASDAQ:PCH)

Raymond James Financial Inc. bought a new stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 54,225 shares of the real estate investment trust's stock, valued at approximately $2,128,000. Raymond James Financial Inc. owned about 0.07% of PotlatchDeltic at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PCH. Fiduciary Counselling Inc. raised its holdings in shares of PotlatchDeltic by 0.5% in the fourth quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust's stock valued at $4,581,000 after buying an additional 607 shares during the last quarter. Stephens Inc. AR raised its stake in 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 last quarter. FMR LLC lifted its position in PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust's stock worth $195,000 after acquiring an additional 733 shares during the period. Fifth Third Bancorp grew its stake in shares of PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 818 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 1,483 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.

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PotlatchDeltic Price Performance

Shares of NASDAQ:PCH traded down $0.02 during trading on Wednesday, hitting $44.80. 126,456 shares of the stock were exchanged, compared to its average volume of 433,028. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $48.12. The company has a market cap of $3.53 billion, a PE ratio of 160.00 and a beta of 1.14. The company has a fifty day moving average price of $44.81 and a two-hundred day moving average price of $43.25. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46.

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

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's payout ratio is currently 642.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on PCH shares. Citigroup decreased their price target on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. 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. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. BMO Capital Markets raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price objective on the stock in a report on Friday, December 6th. Finally, Raymond James raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research note on Monday, December 23rd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, PotlatchDeltic presently has a consensus rating of "Moderate Buy" and a consensus price target of $48.71.

Insider Buying and Selling at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 14,188 shares of the company's 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 in the company, valued at $12,583,513.08. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock valued at $834,770 over the last quarter. Corporate insiders own 2.00% of the company's stock.

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.