Wellington Management Group LLP Buys 23,975 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Wellington Management Group LLP lifted its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,061,497 shares of the real estate investment trust's stock after purchasing an additional 23,975 shares during the quarter. Wellington Management Group LLP owned approximately 1.35% of PotlatchDeltic worth $41,664,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. EagleClaw Capital Managment LLC grew its stake in PotlatchDeltic by 0.5% in the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust's stock valued at $2,442,000 after buying an additional 300 shares during the last quarter. Xponance Inc. grew its stake in PotlatchDeltic by 4.3% in the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock valued at $420,000 after buying an additional 446 shares during the last quarter. Fiduciary Counselling Inc. grew its stake in PotlatchDeltic by 0.5% in the 4th 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. LPL Financial LLC grew its stake in PotlatchDeltic by 3.3% in the 4th quarter. LPL Financial LLC now owns 20,266 shares of the real estate investment trust's stock valued at $795,000 after buying an additional 654 shares during the last quarter. Finally, Stephens Inc. AR grew its stake in PotlatchDeltic by 9.0% in the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock valued at $314,000 after buying an additional 662 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.

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PotlatchDeltic Price Performance

Shares of NASDAQ PCH traded down $1.07 during trading on Thursday, reaching $39.30. The company had a trading volume of 55,745 shares, compared to its average volume of 439,284. PotlatchDeltic Co. has a 52 week low of $36.82 and a 52 week high of $48.12. The stock has a market cap of $3.09 billion, a PE ratio of 141.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. The business's 50 day moving average price is $44.42 and its 200-day moving average price is $43.00.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share 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%. Analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic's dividend payout ratio is currently 642.86%.

Insider Activity at PotlatchDeltic

In related news, CEO Eric J. Cremers sold 14,188 shares of the business's 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 completion of the transaction, the chief executive officer now owns 281,133 shares in the company, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michele Tyler sold 3,170 shares of the business'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 transaction, 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. Over the last 90 days, insiders sold 18,651 shares of company stock worth $834,770. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PCH has been the topic of a number of research analyst reports. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Raymond James upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research report on Monday, December 23rd. Citigroup decreased their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Finally, Truist Financial decreased their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $48.71.

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.