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

Schroder Investment Management Group trimmed its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 88.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,620 shares of the real estate investment trust’s stock after selling 1,146,960 shares during the period. Schroder Investment Management Group owned 0.19% of PotlatchDeltic worth $5,792,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. EagleClaw Capital Managment LLC increased its stake in PotlatchDeltic by 0.5% during the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust’s stock worth $2,442,000 after buying an additional 300 shares during the period. Xponance Inc. grew its position in PotlatchDeltic by 4.3% during the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 446 shares during the last quarter. Fiduciary Counselling Inc. boosted its stake in shares of PotlatchDeltic by 0.5% during the fourth quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust’s stock worth $4,581,000 after buying an additional 607 shares during the period. LPL Financial LLC increased its holdings in shares of PotlatchDeltic by 3.3% in the fourth quarter. LPL Financial LLC now owns 20,266 shares of the real estate investment trust’s stock valued at $795,000 after purchasing an additional 654 shares during the period. Finally, Stephens Inc. AR lifted its stake in shares of PotlatchDeltic by 9.0% in the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock worth $314,000 after acquiring an additional 662 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Stock Down 5.1 %

NASDAQ PCH opened at $40.38 on Friday. The stock has a market cap of $3.18 billion, a PE ratio of 144.21 and a beta of 1.14. The business has a 50 day moving average price of $44.86 and a two-hundred day moving average price of $43.22. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $48.12. 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 released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. As a group, sell-side analysts predict 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. Investors of record on Friday, March 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Friday, March 7th. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on PCH shares. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a report on Friday, December 6th. Truist Financial cut their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, December 23rd. Finally, DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.71.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were 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 directly owns 39,446 shares of the company’s stock, valued at $1,764,025.12. This trade represents a 7.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the company’s stock in a transaction dated 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 approximately $1,241,558.82. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,651 shares of company stock worth $834,770 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

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.