Peregrine Capital Management LLC Trims Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Peregrine Capital Management LLC lowered its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 24.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,020 shares of the real estate investment trust's stock after selling 47,143 shares during the period. Peregrine Capital Management LLC owned approximately 0.18% of PotlatchDeltic worth $7,022,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PCH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of PotlatchDeltic by 13.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,311 shares of the real estate investment trust's stock worth $1,335,000 after purchasing an additional 3,064 shares in the last quarter. BlackRock Inc. grew its stake in PotlatchDeltic by 3.0% during the first quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust's stock worth $472,566,000 after buying an additional 258,490 shares in the last quarter. APG Asset Management N.V. increased its holdings in PotlatchDeltic by 99.4% in the 1st quarter. APG Asset Management N.V. now owns 32,500 shares of the real estate investment trust's stock valued at $1,540,000 after buying an additional 16,200 shares during the period. Great West Life Assurance Co. Can raised its position in shares of PotlatchDeltic by 11.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 39,159 shares of the real estate investment trust's stock valued at $2,120,000 after buying an additional 4,003 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of PotlatchDeltic by 7.3% during the 1st quarter. Yousif Capital Management LLC now owns 37,230 shares of the real estate investment trust's stock worth $1,963,000 after acquiring an additional 2,546 shares during the period. Institutional investors and hedge funds own 86.06% of the company's stock.

Insider Buying and Selling at PotlatchDeltic

In related news, VP Michele Tyler sold 3,968 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.14, for a total value of $179,115.52. Following the completion of the sale, the vice president now directly owns 31,864 shares in the company, valued at $1,438,340.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other PotlatchDeltic news, CEO Eric J. Cremers sold 17,591 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $793,881.83. Following the completion of the transaction, the chief executive officer now owns 241,111 shares in the company, valued at approximately $10,881,339.43. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michele Tyler sold 3,968 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.14, for a total transaction of $179,115.52. Following the completion of the transaction, the vice president now owns 31,864 shares in the company, valued at approximately $1,438,340.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,124 shares of company stock worth $1,043,626. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PCH has been the subject of several research analyst reports. Truist Financial lowered their price objective on shares of PotlatchDeltic from $51.00 to $49.00 and set a "hold" rating for the company in a research report on Wednesday, January 31st. Royal Bank of Canada reissued a "sector perform" rating and set a $48.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $51.33.

PotlatchDeltic Price Performance

Shares of NASDAQ:PCH traded up $0.49 during trading on Thursday, hitting $44.48. 292,176 shares of the company were exchanged, compared to its average volume of 427,520. PotlatchDeltic Co. has a 1-year low of $41.31 and a 1-year high of $54.44. The company has a market capitalization of $3.54 billion, a P/E ratio of 57.77 and a beta of 1.15. The company has a quick ratio of 1.14, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The business's 50 day moving average is $45.34 and its 200-day moving average is $45.93.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend was Thursday, March 7th. PotlatchDeltic's payout ratio is 233.77%.

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.