PotlatchDeltic Co. (NASDAQ:PCH) Shares Bought by Ancora Advisors LLC

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP raised its position in shares of PotlatchDeltic by 224.2% during the 4th quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 482 shares during the last quarter. Fifth Third Bancorp increased its stake in PotlatchDeltic by 259.7% during the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock worth $44,000 after buying an additional 818 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of PotlatchDeltic by 806.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock valued at $98,000 after acquiring an additional 2,227 shares during the last quarter. GeoWealth Management LLC purchased a new position in shares of PotlatchDeltic in the fourth quarter valued at approximately $131,000. Finally, KBC Group NV boosted its stake in shares of PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock worth $145,000 after acquiring an additional 1,483 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company's stock.

Insider Buying and Selling

In other news, VP Michele Tyler sold 3,170 shares of the firm's 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 completion of the transaction, the vice president now directly owns 39,446 shares in the company, valued at $1,764,025.12. This trade represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the business's stock in a transaction on 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. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,651 shares of company stock valued at $834,770. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

PCH has been the topic of a number of research reports. DA Davidson set a $54.00 price objective on PotlatchDeltic in a report on Wednesday, January 29th. Truist Financial dropped their price objective on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.43.

PotlatchDeltic Trading Down 3.8 %

PCH traded down $1.46 during trading hours on Tuesday, reaching $37.16. The company's stock had a trading volume of 643,597 shares, compared to its average volume of 457,961. The stock has a market cap of $2.93 billion, a PE ratio of 132.71 and a beta of 1.16. PotlatchDeltic Co. has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The business's 50-day moving average is $42.35 and its 200-day moving average is $42.35.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. The business had revenue of $268.26 million during the quarter, compared to analysts' expectations of $243.68 million. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The firm's quarterly 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 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $0.45 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.84%. PotlatchDeltic's dividend payout ratio is currently 295.08%.

About PotlatchDeltic

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.