Envestnet Asset Management Inc. Boosts Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Envestnet Asset Management Inc. raised its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 41.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,548 shares of the real estate investment trust's stock after purchasing an additional 9,759 shares during the quarter. Envestnet Asset Management Inc.'s holdings in PotlatchDeltic were worth $1,317,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of PCH. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of PotlatchDeltic by 29.6% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 348,323 shares of the real estate investment trust's stock worth $13,672,000 after buying an additional 79,500 shares during the period. Wells Fargo & Company MN boosted its holdings in PotlatchDeltic by 5.2% in the fourth quarter. Wells Fargo & Company MN now owns 267,277 shares of the real estate investment trust's stock valued at $10,491,000 after purchasing an additional 13,142 shares during the last quarter. ExodusPoint Capital Management LP lifted its stake in shares of PotlatchDeltic by 219.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 48,568 shares of the real estate investment trust's stock valued at $1,906,000 after purchasing an additional 33,379 shares during the period. Headlands Technologies LLC grew its holdings in PotlatchDeltic by 239.5% in the fourth quarter. Headlands Technologies LLC now owns 11,542 shares of the real estate investment trust's stock valued at $453,000 after purchasing an additional 8,142 shares during the period. Finally, Wellington Management Group LLP lifted its stake in PotlatchDeltic by 2.3% in the 4th quarter. Wellington Management Group LLP now owns 1,061,497 shares of the real estate investment trust's stock valued at $41,664,000 after buying an additional 23,975 shares in the last quarter. Institutional investors own 86.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on PCH. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. DA Davidson set a $54.00 price objective on PotlatchDeltic in a report on Wednesday, January 29th. Citigroup cut their target price 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. Finally, Truist Financial cut their target price on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $48.43.

PotlatchDeltic Price Performance

Shares of NASDAQ:PCH opened at $38.71 on Wednesday. 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 company has a market cap of $3.05 billion, a P/E ratio of 138.25 and a beta of 1.12. PotlatchDeltic Co. has a 52 week low of $36.82 and a 52 week high of $48.12. The business has a fifty day simple moving average of $42.91 and a 200-day simple moving average of $42.50.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $243.68 million. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. PotlatchDeltic's revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts forecast that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $0.45 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.65%. PotlatchDeltic's dividend payout ratio (DPR) is 642.86%.

Insider Transactions at PotlatchDeltic

In related news, VP Michele Tyler sold 3,170 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the transaction, the vice president now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.82, for a total transaction of $57,952.26. Following the transaction, the chief financial officer now owns 27,701 shares of the company's stock, valued at approximately $1,241,558.82. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,651 shares of company stock worth $834,770. 1.00% of the stock is currently owned by insiders.

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.

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