Vanguard Group Inc. Sells 84,250 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Vanguard Group Inc. lowered its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 0.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,405,503 shares of the real estate investment trust's stock after selling 84,250 shares during the period. Vanguard Group Inc. owned 14.48% of PotlatchDeltic worth $447,666,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in shares of PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 818 shares during the last quarter. Systematic Financial Management LP acquired a new stake in PotlatchDeltic during the 3rd quarter valued at $166,000. KBC Group NV lifted its holdings in PotlatchDeltic by 67.3% during the 4th 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 last quarter. FMR LLC boosted its position in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 733 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of PotlatchDeltic in the third quarter valued at $284,000. Institutional investors and hedge funds own 86.06% of the company's stock.

PotlatchDeltic Price Performance

NASDAQ:PCH traded down $2.15 during trading hours on Friday, hitting $40.38. The company's stock had a trading volume of 735,434 shares, compared to its average volume of 437,134. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $48.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The stock has a fifty day simple moving average of $44.86 and a 200-day simple moving average of $43.18. The company has a market capitalization of $3.18 billion, a P/E ratio of 144.21 and a beta of 1.12.

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PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating 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%. On average, analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.46%. PotlatchDeltic's payout ratio is presently 642.86%.

Insider Transactions at PotlatchDeltic

In related news, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction 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 trade represents a 4.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michele Tyler sold 3,170 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction 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. This trade represents a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,651 shares of company stock worth $834,770. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PCH shares. Truist Financial lowered their price target 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. 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 report on Monday, December 23rd. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Citigroup dropped their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Finally, DA Davidson set a $54.00 price objective on PotlatchDeltic in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $48.71.

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.