NFJ Investment Group LLC Has $5.08 Million Stake in PotlatchDeltic Co. (NASDAQ:PCH)

NFJ Investment Group LLC lowered its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 0.8% in the fourth quarter, according to its most recent disclosure 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 period. NFJ Investment Group LLC owned approximately 0.16% of PotlatchDeltic worth $5,083,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. EagleClaw Capital Managment LLC raised its holdings in PotlatchDeltic by 0.5% in the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust’s stock worth $2,442,000 after acquiring an additional 300 shares during the period. Xponance Inc. grew its position in shares of PotlatchDeltic by 4.3% in the fourth quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust’s stock valued at $420,000 after purchasing an additional 446 shares during the last quarter. Fiduciary Counselling Inc. increased its stake in shares of PotlatchDeltic by 0.5% in the fourth quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust’s stock worth $4,581,000 after purchasing an additional 607 shares during the period. LPL Financial LLC lifted its position in shares of PotlatchDeltic by 3.3% during the 4th quarter. LPL Financial LLC now owns 20,266 shares of the real estate investment trust’s stock worth $795,000 after purchasing an additional 654 shares during the last quarter. Finally, Stephens Inc. AR boosted its stake in PotlatchDeltic by 9.0% during the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock valued at $314,000 after purchasing an additional 662 shares during the period. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Stock Performance

NASDAQ:PCH opened at $38.74 on Thursday. 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 50-day moving average price of $43.87 and a 200 day moving average price of $42.80. The firm has a market capitalization of $3.05 billion, a PE ratio of 138.36 and a beta of 1.12. PotlatchDeltic Co. has a 12-month low of $36.82 and a 12-month high of $48.12.

PotlatchDeltic (NASDAQ:PCH) last posted its 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 return on equity of 1.05% and a net margin of 2.06%. Research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PCH. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research note on Monday, December 23rd. DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Truist Financial cut their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, Citigroup decreased their target price on 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.71.

Insider Buying and Selling

In other news, VP Michele Tyler sold 3,170 shares of the stock in a transaction 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 owns 39,446 shares in the company, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the completion of the transaction, the chief financial officer now directly owns 27,701 shares of the company’s stock, valued at $1,241,558.82. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock worth $834,770 in the last quarter. 1.00% of the stock is owned by corporate insiders.

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.