PotlatchDeltic Co. (NASDAQ:PCH) Holdings Lowered by Geode Capital Management LLC

Geode Capital Management LLC decreased its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,055,796 shares of the real estate investment trust's stock after selling 9,988 shares during the period. Geode Capital Management LLC owned 2.61% of PotlatchDeltic worth $80,706,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Norges Bank acquired a new stake in PotlatchDeltic during the 4th quarter worth approximately $217,145,000. Charles Schwab Investment Management Inc. increased its position in shares of PotlatchDeltic by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock worth $60,554,000 after acquiring an additional 70,745 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of 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 valued at $44,960,000 after acquiring an additional 245,026 shares during the period. Wellington Management Group LLP lifted its holdings in shares of PotlatchDeltic by 2.3% during 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 acquiring an additional 23,975 shares in the last quarter. Finally, Sei Investments Co. boosted its position in PotlatchDeltic by 26.5% during the 4th quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust's stock worth $15,107,000 after purchasing an additional 80,580 shares during the period. Hedge funds and other institutional investors own 86.06% of the company's stock.

PotlatchDeltic Stock Performance

PotlatchDeltic stock traded up $0.92 during midday trading on Thursday, reaching $39.66. 131,973 shares of the stock traded hands, compared to its average volume of 443,295. The firm has a fifty day moving average price of $43.87 and a two-hundred day moving average price of $42.80. PotlatchDeltic Co. has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 141.80 and a beta of 1.12. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. On average, equities research analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.54%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's payout ratio is currently 642.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PCH shares. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. DA Davidson set a $54.00 price target on PotlatchDeltic in a research report on Wednesday, January 29th. Truist Financial lowered their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Citigroup decreased 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. Finally, Raymond James raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research note on Monday, December 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, PotlatchDeltic has an average rating of "Moderate Buy" and an average price target of $48.71.

Insider Activity at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the 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 of the company's stock, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of the business's stock in a transaction on Monday, February 10th. The stock was 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 directly 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. Insiders sold 18,651 shares of company stock worth $834,770 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

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.