PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. reduced its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 55.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,336 shares of the real estate investment trust’s stock after selling 11,488 shares during the quarter. Foster & Motley Inc.’s holdings in PotlatchDeltic were worth $458,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Manchester Capital Management LLC raised its position in PotlatchDeltic by 2,132.0% in the 3rd quarter. Manchester Capital Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 533 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of PotlatchDeltic during the third quarter worth about $28,000. Fifth Third Bancorp grew its holdings in shares of PotlatchDeltic by 43.8% during the third quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 305 shares during the last quarter. Planned Solutions Inc. acquired a new position in PotlatchDeltic in the 4th quarter valued at about $60,000. Finally, VitalStone Financial LLC raised its stake in PotlatchDeltic by 109.6% during the 3rd quarter. VitalStone Financial LLC now owns 3,608 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 1,887 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

PotlatchDeltic Stock Down 0.1 %

PCH opened at $41.41 on Thursday. The business has a 50 day simple moving average of $44.84 and a 200-day simple moving average of $45.72. PotlatchDeltic Co. has a 12 month low of $40.55 and a 12 month high of $54.44. The stock has a market capitalization of $3.29 billion, a P/E ratio of 53.78 and a beta of 1.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.14.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date was Thursday, March 7th. PotlatchDeltic’s dividend payout ratio is currently 233.77%.

Insiders Place Their Bets

In related news, CFO Wayne Wasechek sold 1,565 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.13, for a total value of $70,628.45. Following the sale, the chief financial officer now owns 21,247 shares in the company, valued at approximately $958,877.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Wayne Wasechek sold 1,565 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the sale, the chief financial officer now directly owns 21,247 shares in the company, valued at approximately $958,877.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric J. Cremers sold 17,591 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $793,881.83. Following the transaction, the chief executive officer now owns 241,111 shares of the company’s stock, valued at $10,881,339.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,124 shares of company stock worth $1,043,626. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on PCH shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $48.00 target price on shares of PotlatchDeltic in a research note on Wednesday, January 31st. Truist Financial dropped their price objective on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.33.

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.