NFJ Investment Group LLC Sells 980 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

NFJ Investment Group LLC decreased its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 129,503 shares of the real estate investment trust’s stock after selling 980 shares during the quarter. NFJ Investment Group LLC’s holdings in PotlatchDeltic were worth $5,083,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of PotlatchDeltic by 27.2% during the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust’s stock valued at $44,960,000 after purchasing an additional 245,026 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in PotlatchDeltic by 4.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust’s stock valued at $6,364,000 after buying an additional 7,567 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PotlatchDeltic by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust’s stock valued at $60,554,000 after buying an additional 70,745 shares during the period. New York State Common Retirement Fund increased its position in shares of PotlatchDeltic by 17.3% during the fourth quarter. New York State Common Retirement Fund now owns 271,698 shares of the real estate investment trust’s stock worth $10,664,000 after acquiring an additional 40,058 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of PotlatchDeltic by 9.0% during the fourth 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. Institutional investors and hedge funds own 86.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PCH shares. DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th. 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 report on Monday, December 23rd. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. 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 research note 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 on the stock in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PotlatchDeltic currently has a consensus rating of “Moderate Buy” and an average price target of $48.71.

Insider Buying and Selling

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The shares were 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 owns 281,133 shares in the company, valued at $12,583,513.08. The trade was a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 27,701 shares in the company, valued at approximately $1,241,558.82. The trade was a 4.46 % 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. 1.00% of the stock is owned by insiders.

PotlatchDeltic Price Performance

Shares of PCH opened at $38.74 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $43.87 and its 200 day simple moving average is $42.80. PotlatchDeltic Co. has a 1-year low of $36.82 and a 1-year high of $48.12. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 138.36 and a beta of 1.12.

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

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.65%. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

PotlatchDeltic Company 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.