PotlatchDeltic Co. (NASDAQ:PCH) Stake Lowered by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 142,077 shares of the real estate investment trust’s stock after selling 575 shares during the period. Corient Private Wealth LLC owned 0.18% of PotlatchDeltic worth $5,577,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Natixis Advisors LLC boosted its holdings in PotlatchDeltic by 28.6% in the third quarter. Natixis Advisors LLC now owns 20,854 shares of the real estate investment trust’s stock worth $939,000 after purchasing an additional 4,633 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in PotlatchDeltic in the third quarter worth $2,162,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in PotlatchDeltic in the third quarter worth $372,000. Intech Investment Management LLC bought a new stake in PotlatchDeltic in the third quarter worth $781,000. Finally, Cerity Partners LLC boosted its holdings in PotlatchDeltic by 28.4% in the third quarter. Cerity Partners LLC now owns 22,812 shares of the real estate investment trust’s stock worth $1,028,000 after purchasing an additional 5,049 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded 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 target on shares of PotlatchDeltic in a report on Wednesday, January 29th. Citigroup decreased their price target 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. Truist Financial decreased their price target 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, Raymond James upgraded shares of 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.71.

PotlatchDeltic Stock Performance

NASDAQ:PCH opened at $44.52 on Friday. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month 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. The firm has a market capitalization of $3.51 billion, a PE ratio of 159.00 and a beta of 1.14. The firm has a 50-day moving average price of $44.34 and a 200 day moving average price of $43.16.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) 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%. Research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.04%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

Insider Buying and Selling

In other news, CEO Eric J. Cremers sold 14,188 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the sale, the chief executive officer now owns 281,133 shares of the company’s stock, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Michele Tyler sold 3,170 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly 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 disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock valued at $834,770 over the last quarter. Corporate 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.