By otakuyassine3@gmail.com 
Oppenheimer Asset Management Inc. trimmed its position in PotlatchDeltic Co. (NASDAQ:PCH – Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,125 shares of the real estate investment trust’s stock after selling 389 shares during the period. Oppenheimer Asset Management Inc.’s holdings in PotlatchDeltic were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of PCH. Fifth Third Bancorp lifted its stake in shares of PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 818 shares during the period. KBC Group NV raised 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 worth $145,000 after purchasing an additional 1,483 shares during the last quarter. Systematic Financial Management LP purchased a new position in shares of PotlatchDeltic during the third quarter worth $166,000. FMR LLC raised its holdings 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 purchasing an additional 733 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of PotlatchDeltic during the third quarter worth $257,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.
PotlatchDeltic Price Performance
Shares of PCH opened at $46.24 on Friday. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $48.12. The firm’s 50 day moving average price is $42.86 and its 200 day moving average price is $42.94. The company has a market cap of $3.64 billion, a P/E ratio of 165.14 and a beta of 1.17. 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 – 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 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, research analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.
PotlatchDeltic Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is presently 642.86%.
Analyst Ratings Changes
PCH has been the subject of a number of recent analyst reports. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Monday, December 23rd. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. Truist Financial cut their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. Finally, Citigroup cut their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.71.
View Our Latest Analysis on PotlatchDeltic
Insider Buying and Selling at PotlatchDeltic
In related news, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.82, for a total transaction of $57,952.26. Following the completion of the sale, the chief financial officer now owns 27,701 shares in the company, valued at $1,241,558.82. This represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the sale, the chief executive officer now owns 281,133 shares of the company’s stock, valued at approximately $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 three months, insiders have sold 18,651 shares of company stock valued at $834,770. Insiders own 2.00% of the company’s stock.
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.
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