Fisher Asset Management LLC Purchases 76,924 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Fisher Asset Management LLC increased its position in PotlatchDeltic Co. (NASDAQ:PCH) by 34.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,959 shares of the real estate investment trust’s stock after acquiring an additional 76,924 shares during the quarter. Fisher Asset Management LLC owned about 0.38% of PotlatchDeltic worth $11,891,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of PotlatchDeltic by 13.6% during the 3rd quarter. Creative Planning now owns 5,835 shares of the real estate investment trust’s stock worth $263,000 after purchasing an additional 699 shares during the period. International Assets Investment Management LLC increased its holdings in shares of PotlatchDeltic by 4,404.9% during the 3rd quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock worth $905,000 after purchasing an additional 19,646 shares during the period. Windward Capital Management Co. CA increased its holdings in shares of PotlatchDeltic by 1.1% during the 3rd quarter. Windward Capital Management Co. CA now owns 70,939 shares of the real estate investment trust’s stock worth $3,196,000 after purchasing an additional 750 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in shares of PotlatchDeltic by 5.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,495 shares of the real estate investment trust’s stock worth $2,050,000 after purchasing an additional 2,359 shares during the period. Finally, Versor Investments LP bought a new position in shares of PotlatchDeltic during the 3rd quarter worth about $257,000. Institutional investors own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Friday, December 6th. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 23rd. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Truist Financial decreased their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.71.

Insider Buying and Selling at PotlatchDeltic

In other news, CFO Wayne Wasechek sold 1,293 shares of the business’s stock in a transaction on Monday, February 10th. The stock was 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. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Eric J. Cremers sold 14,188 shares of the business’s stock in a transaction 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 sale, 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 18,651 shares of company stock worth $834,770 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

PotlatchDeltic Price Performance

NASDAQ:PCH opened at $47.34 on Tuesday. The firm has a market cap of $3.73 billion, a PE ratio of 169.07 and a beta of 1.17. 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 company’s 50-day moving average price is $42.56 and its two-hundred day moving average price is $42.87.

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 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%. On average, equities analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 3.80%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

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.