Envestnet Asset Management Inc. Increases Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Envestnet Asset Management Inc. boosted its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,548 shares of the real estate investment trust's stock after buying 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 SEC filing.

Several other large investors also recently added to or reduced their stakes in PCH. Fifth Third Bancorp boosted its holdings in shares of PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 818 shares in the last quarter. KBC Group NV increased its position in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 1,483 shares in the last quarter. Stephens Inc. AR boosted its position in shares of PotlatchDeltic by 9.0% in the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock worth $314,000 after purchasing an additional 662 shares in the last quarter. Procyon Advisors LLC increased its position in PotlatchDeltic by 37.3% during the 4th quarter. Procyon Advisors LLC now owns 9,241 shares of the real estate investment trust's stock valued at $363,000 after buying an additional 2,511 shares in the last quarter. Finally, Natural Investments LLC purchased a new stake in PotlatchDeltic in the fourth quarter valued at about $370,000. 86.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Michele Tyler sold 3,170 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total value of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares in the company, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 27,701 shares in the company, valued at approximately $1,241,558.82. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock valued at $834,770 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citigroup lowered their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Truist Financial dropped their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Finally, DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th. Two 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, PotlatchDeltic has a consensus rating of "Moderate Buy" and an average target price of $48.43.

PotlatchDeltic Stock Performance

NASDAQ:PCH traded up $0.07 during trading hours on Monday, reaching $38.93. The company had a trading volume of 27,557 shares, compared to its average volume of 455,190. 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 firm has a market cap of $3.07 billion, a PE ratio of 138.91 and a beta of 1.12. The business's 50 day moving average price is $42.49 and its 200-day moving average price is $42.39. PotlatchDeltic Co. has a 1-year low of $36.82 and a 1-year high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.13. The company had revenue of $268.26 million for 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 revenue for the quarter was up 17.6% on a year-over-year basis. Research analysts forecast that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 dividend on an annualized basis and a yield of 4.62%. PotlatchDeltic's payout ratio is 295.08%.

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.