Legal & General Group Plc Grows Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Legal & General Group Plc grew its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,498,762 shares of the real estate investment trust's stock after purchasing an additional 95,485 shares during the period. Legal & General Group Plc owned approximately 3.17% of PotlatchDeltic worth $98,076,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PCH. EagleClaw Capital Managment LLC raised its holdings in PotlatchDeltic by 0.5% during the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust's stock valued at $2,442,000 after acquiring an additional 300 shares during the period. Xponance Inc. grew its position in shares of PotlatchDeltic by 4.3% in the fourth quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock valued at $420,000 after purchasing an additional 446 shares in the last quarter. Fiduciary Counselling Inc. raised its stake in shares of PotlatchDeltic by 0.5% during the 4th quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust's stock valued at $4,581,000 after purchasing an additional 607 shares during the period. LPL Financial LLC lifted its holdings in PotlatchDeltic by 3.3% during the 4th quarter. LPL Financial LLC now owns 20,266 shares of the real estate investment trust's stock worth $795,000 after purchasing an additional 654 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in 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 during the period. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

PotlatchDeltic Trading Up 0.4 %

NASDAQ:PCH traded up $0.16 during trading hours on Wednesday, reaching $39.36. The company's stock had a trading volume of 92,734 shares, compared to its average volume of 442,338. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 140.58 and a beta of 1.12. The firm has a 50-day simple moving average of $44.00 and a 200-day simple moving average of $42.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. 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 quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. Research analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic's dividend payout ratio (DPR) is 642.86%.

Wall Street Analyst Weigh In

PCH has been the topic of a number of recent analyst reports. 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 report on Monday, December 23rd. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Citigroup decreased their price target 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. DA Davidson set a $54.00 price objective on PotlatchDeltic in a research note on Wednesday, January 29th. Finally, Truist Financial lowered their price target on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $48.71.

Insider Transactions at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction that occurred 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 sale, the vice president now directly owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at $12,583,513.08. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,651 shares of company stock worth $834,770. Company insiders own 1.00% of the company's stock.

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.