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

Foster & Motley Inc. lessened its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCHFree Report) by 55.2% in the fourth quarter, Holdings Channel.com reports. 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 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at PotlatchDeltic

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

PotlatchDeltic Price Performance

NASDAQ:PCH opened at $41.41 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The business’s 50-day moving average price is $44.84 and its 200 day moving average price is $45.72. PotlatchDeltic Co. has a 52-week low of $40.55 and a 52-week high of $54.44. The firm has a market cap of $3.29 billion, a P/E ratio of 53.78 and a beta of 1.15.

PotlatchDeltic Dividend Announcement

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

Wall Street Analysts Forecast Growth

PCH has been the subject of a number of recent analyst reports. Truist Financial decreased their price objective on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $48.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.33.

Get Our Latest Stock Analysis on PotlatchDeltic

About PotlatchDeltic

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PotlatchDeltic Co. (NASDAQ:PCHFree Report).

Institutional Ownership by Quarter for PotlatchDeltic (NASDAQ:PCH)

Receive News & Ratings for PotlatchDeltic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PotlatchDeltic and related companies with MarketBeat.com's FREE daily email newsletter.