PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group trimmed its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 88.5% during the fourth quarter, Holdings Channel reports. The firm owned 149,620 shares of the real estate investment trust’s stock after selling 1,146,960 shares during the quarter. Schroder Investment Management Group’s holdings in PotlatchDeltic were worth $5,792,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of PCH. Fifth Third Bancorp boosted its position in PotlatchDeltic by 259.7% during the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 818 shares during the period. Systematic Financial Management LP bought a new stake in PotlatchDeltic in the third quarter valued at $166,000. KBC Group NV boosted its holdings in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 1,483 shares during the period. FMR LLC grew its position in shares of 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 acquiring an additional 733 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in PotlatchDeltic in the 3rd quarter valued at about $284,000. 86.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, December 23rd. Citigroup lowered their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Truist Financial reduced their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, BMO Capital Markets raised shares of 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 assigned a buy rating to the company’s stock. According to MarketBeat, PotlatchDeltic currently has an average rating of “Moderate Buy” and a consensus target price of $48.71.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the sale, the vice president now owns 39,446 shares in the company, 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 firm’s stock in a transaction dated Monday, February 10th. The stock was 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 of the company’s stock, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,651 shares of company stock valued at $834,770. Corporate insiders own 2.00% of the company’s stock.

PotlatchDeltic Trading Down 5.1 %

Shares of PotlatchDeltic stock opened at $40.38 on Friday. The business has a fifty day simple moving average of $44.86 and a 200-day simple moving average of $43.22. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $48.12. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 144.21 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. On average, equities analysts forecast that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $0.45 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.80 annualized dividend and a yield of 4.46%. PotlatchDeltic’s dividend payout ratio (DPR) is 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.