Ancora Advisors LLC Has $13.10 Million Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Ancora Advisors LLC raised its position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 39.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 333,639 shares of the real estate investment trust's stock after purchasing an additional 94,348 shares during the quarter. Ancora Advisors LLC owned 0.42% of PotlatchDeltic worth $13,095,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in PotlatchDeltic during the fourth quarter valued at about $217,145,000. Legal & General Group Plc boosted its stake in shares of PotlatchDeltic by 4.0% in the 4th quarter. Legal & General Group Plc now owns 2,498,762 shares of the real estate investment trust's stock worth $98,076,000 after buying an additional 95,485 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PotlatchDeltic by 4.8% during 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 last quarter. Northern Trust Corp grew its stake in shares of PotlatchDeltic by 8.7% during the 4th quarter. Northern Trust Corp now owns 1,233,250 shares of the real estate investment trust's stock valued at $48,405,000 after acquiring an additional 98,914 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock worth $44,960,000 after purchasing an additional 245,026 shares during the period. Institutional investors and hedge funds own 86.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PCH. Truist Financial reduced their target price on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Citigroup dropped their price target on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $48.43.

PotlatchDeltic Trading Up 0.2 %

PCH traded up $0.08 during trading on Thursday, hitting $37.91. The company's stock had a trading volume of 269,175 shares, compared to its average volume of 457,781. The firm has a market capitalization of $2.99 billion, a P/E ratio of 135.39 and a beta of 1.16. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. PotlatchDeltic Co. has a twelve month low of $36.82 and a twelve month high of $48.12. The stock's fifty day moving average price is $42.00 and its 200-day moving average price is $42.28.

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

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's dividend payout ratio is 295.08%.

Insider Activity at PotlatchDeltic

In related news, CEO Eric J. Cremers sold 14,188 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.76, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was 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 of the company's stock, valued at $1,241,558.82. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,651 shares of company stock worth $834,770. Corporate insiders own 1.00% of the company's stock.

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.