PotlatchDeltic Co. (NASDAQ:PCH) Position Lessened by Adelante Capital Management LLC

Adelante Capital Management LLC decreased its position in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 97.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,880 shares of the real estate investment trust's stock after selling 1,113,382 shares during the period. Adelante Capital Management LLC's holdings in PotlatchDeltic were worth $1,330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PCH. EagleClaw Capital Managment LLC grew its stake in shares of PotlatchDeltic by 0.5% during 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 purchasing an additional 300 shares during the period. Capital Square LLC boosted its holdings in PotlatchDeltic by 0.8% during the fourth quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust's stock worth $1,711,000 after buying an additional 337 shares in the last quarter. Xponance Inc. grew its position in PotlatchDeltic by 4.3% during the fourth quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock worth $420,000 after buying an additional 446 shares during the period. Quarry LP increased its holdings in PotlatchDeltic by 224.2% in the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 482 shares in the last quarter. Finally, Fiduciary Counselling Inc. lifted its position in shares of PotlatchDeltic by 0.5% during the 4th quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust's stock valued at $4,581,000 after acquiring an additional 607 shares during the period. Hedge funds and other institutional investors own 86.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PCH. Citigroup reduced their price target 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. DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th. Truist Financial cut their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Finally, StockNews.com raised 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $48.43.

Insider Activity

In other news, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the sale, the chief executive officer now directly owns 281,133 shares in the company, valued at approximately $12,583,513.08. This represents a 4.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michele Tyler sold 3,170 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 39,446 shares in the company, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,651 shares of company stock valued at $834,770. Company insiders own 1.00% of the company's stock.

PotlatchDeltic Trading Up 1.8 %

PotlatchDeltic stock traded up $0.69 during trading on Friday, hitting $38.86. The company's stock had a trading volume of 658,612 shares, compared to its average volume of 456,227. The stock's fifty day moving average is $42.49 and its 200 day moving average is $42.41. 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 Co. has a 1-year low of $36.82 and a 1-year high of $48.12. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 138.79 and a beta of 1.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.13. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The business had revenue of $268.26 million for the quarter, compared to analyst estimates of $243.68 million. PotlatchDeltic's revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

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 dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic's payout ratio is currently 295.08%.

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.