New York State Common Retirement Fund Acquires 40,058 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

New York State Common Retirement Fund increased its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 17.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 271,698 shares of the real estate investment trust’s stock after buying an additional 40,058 shares during the quarter. New York State Common Retirement Fund’s holdings in PotlatchDeltic were worth $10,664,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Fifth Third Bancorp boosted its position in PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 818 shares during the period. KBC Group NV raised its stake 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 in the last quarter. Systematic Financial Management LP purchased a new stake in shares of PotlatchDeltic in the third quarter valued at approximately $166,000. FMR LLC grew its stake in PotlatchDeltic by 20.4% in 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 in the last quarter. Finally, Versor Investments LP purchased a new position in PotlatchDeltic during the 3rd quarter worth $257,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Trading Up 0.4 %

PotlatchDeltic stock opened at $45.25 on Tuesday. The stock has a 50-day moving average price of $41.87 and a 200 day moving average price of $42.69. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 161.61 and a beta of 1.17. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $47.65. 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 EPS 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%. Sell-side analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The business 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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is presently 642.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PCH shares. Truist Financial dropped their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. DA Davidson set a $54.00 target price on PotlatchDeltic in a research note on Wednesday, January 29th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.71.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the 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 completion of the transaction, the vice president now owns 39,446 shares of the company’s stock, valued at $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the sale, the chief executive officer now directly owns 281,133 shares in the company, valued at $12,583,513.08. This represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,651 shares of company stock valued at $834,770 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

PotlatchDeltic 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.