PotlatchDeltic Co. (NASDAQ:PCH) Holdings Reduced by TCW Group Inc.

TCW Group Inc. cut its position in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,922 shares of the real estate investment trust's stock after selling 14,770 shares during the quarter. TCW Group Inc.'s holdings in PotlatchDeltic were worth $1,096,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Saturna Capital Corp lifted its position in PotlatchDeltic by 3.7% during the third quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust's stock worth $452,000 after buying an additional 356 shares during the period. Stephens Inc. AR lifted its holdings 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 worth $314,000 after acquiring an additional 662 shares during the period. Creative Planning boosted its position in shares of PotlatchDeltic by 13.6% in the third quarter. Creative Planning now owns 5,835 shares of the real estate investment trust's stock worth $263,000 after acquiring an additional 699 shares during the last quarter. FMR LLC grew its holdings in PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust's stock valued at $195,000 after purchasing an additional 733 shares during the period. Finally, Windward Capital Management Co. CA grew its holdings in PotlatchDeltic by 1.1% in the third quarter. Windward Capital Management Co. CA now owns 70,939 shares of the real estate investment trust's stock valued at $3,196,000 after purchasing an additional 750 shares during the period. Institutional investors and hedge funds own 86.06% of the company's stock.

Remove Ads

PotlatchDeltic Stock Up 0.5 %

NASDAQ:PCH traded up $0.22 during trading hours on Friday, hitting $46.43. The stock had a trading volume of 642,585 shares, compared to its average volume of 429,867. The business has a 50 day simple moving average of $42.25 and a two-hundred day simple moving average of $42.76. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $47.65. 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 company has a market cap of $3.66 billion, a PE ratio of 165.82 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly 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%. Analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $0.45 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 3.88%. PotlatchDeltic's dividend payout ratio (DPR) is 642.86%.

Insider Buying and Selling at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the transaction, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.82, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock worth $834,770 over the last quarter. 2.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PCH has been the topic of a number of research analyst reports. BMO Capital Markets upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price target on the stock in a report on Friday, December 6th. Truist Financial reduced their target price on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Raymond James upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research note on Monday, December 23rd. DA Davidson set a $54.00 price objective on PotlatchDeltic in a research note on Wednesday, January 29th. Finally, Citigroup decreased their target price on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $48.71.

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.