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

New York State Common Retirement Fund grew its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 17.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 owned 0.34% of PotlatchDeltic worth $10,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in PCH. Adelante Capital Management LLC lifted its stake in shares of PotlatchDeltic by 3,486.3% in the 3rd quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock worth $51,684,000 after purchasing an additional 1,115,272 shares during the period. JPMorgan Chase & Co. raised its position in PotlatchDeltic by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock worth $40,565,000 after acquiring an additional 163,774 shares during the period. Curi RMB Capital LLC boosted its stake in shares of PotlatchDeltic by 0.5% during the 3rd quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock worth $15,122,000 after acquiring an additional 1,578 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of PotlatchDeltic by 29.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust’s stock worth $13,918,000 after purchasing an additional 69,887 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in PotlatchDeltic by 6.1% in the 3rd quarter. Fisher Asset Management LLC now owns 226,035 shares of the real estate investment trust’s stock worth $10,183,000 after purchasing an additional 13,006 shares during the period. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Price Performance

PCH stock opened at $45.25 on Tuesday. The company has a market capitalization of $3.57 billion, a PE ratio of 161.61 and a beta of 1.17. The company’s fifty day moving average price is $41.87 and its 200-day moving average price is $42.69. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $47.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49.

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

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s payout ratio is 642.86%.

Insider Transactions at PotlatchDeltic

In related news, CEO Eric J. Cremers sold 14,188 shares of the 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 transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock valued at $834,770 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

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

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.