D.A. Davidson & CO. Sells 6,062 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

D.A. Davidson & CO. reduced its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 15.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,218 shares of the real estate investment trust’s stock after selling 6,062 shares during the quarter. D.A. Davidson & CO.’s holdings in PotlatchDeltic were worth $1,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. State of New Jersey Common Pension Fund D boosted its stake in shares of PotlatchDeltic by 10.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 50,388 shares of the real estate investment trust’s stock worth $1,978,000 after acquiring an additional 4,893 shares during the period. Congress Asset Management Co. lifted its holdings in PotlatchDeltic by 10.4% during the 4th quarter. Congress Asset Management Co. now owns 167,183 shares of the real estate investment trust’s stock worth $6,562,000 after purchasing an additional 15,779 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in PotlatchDeltic by 4.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust’s stock worth $6,364,000 after purchasing an additional 7,567 shares during the last quarter. Stephens Inc. AR lifted its holdings 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 worth $314,000 after purchasing an additional 662 shares during the last quarter. Finally, 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 worth $145,000 after purchasing an additional 1,483 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PCH has been the subject of several research reports. DA Davidson set a $54.00 price target on PotlatchDeltic in a report on Wednesday, January 29th. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Monday, December 23rd. Citigroup dropped 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. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a report on Friday, December 6th. 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.71.

Insider Transactions at PotlatchDeltic

In other news, VP Michele Tyler sold 3,170 shares of the business’s stock in a transaction on Monday, February 10th. The stock was 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. The trade was a 7.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of the business’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 owns 281,133 shares in the company, valued at $12,583,513.08. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,651 shares of company stock valued at $834,770. Corporate insiders own 2.00% of the company’s stock.

PotlatchDeltic Price Performance

Shares of NASDAQ PCH opened at $45.09 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $47.65. The stock has a market capitalization of $3.55 billion, a PE ratio of 161.04 and a beta of 1.17. The business has a fifty day moving average price of $41.81 and a two-hundred day moving average price of $42.66.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly 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%. As a group, equities analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.99%. PotlatchDeltic’s dividend payout ratio (DPR) is currently 642.86%.

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.