Raymond James Financial Services Advisors Inc. Sells 34,662 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Raymond James Financial Services Advisors Inc. trimmed its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 54.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,622 shares of the real estate investment trust's stock after selling 34,662 shares during the quarter. Raymond James Financial Services Advisors Inc.'s holdings in PotlatchDeltic were worth $1,405,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of PCH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in PotlatchDeltic by 13.8% in the first 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. boosted its stake in PotlatchDeltic by 3.0% in the first quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust's stock valued at $472,566,000 after acquiring an additional 258,490 shares during the period. APG Asset Management N.V. boosted its stake in PotlatchDeltic by 99.4% in the first 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 acquiring an additional 16,200 shares during the period. Great West Life Assurance Co. Can boosted its stake in PotlatchDeltic by 11.4% in the first 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 acquiring an additional 4,003 shares during the period. Finally, Yousif Capital Management LLC boosted its stake in PotlatchDeltic by 7.3% in the first quarter. Yousif Capital Management LLC now owns 37,230 shares of the real estate investment trust's stock valued at $1,963,000 after acquiring an additional 2,546 shares during the period. 86.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PCH. Truist Financial decreased their target price on PotlatchDeltic from $51.00 to $49.00 and set a "hold" rating for the company in a research note on Wednesday, January 31st. Royal Bank of Canada restated a "sector perform" rating and issued a $48.00 target price on shares of PotlatchDeltic in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $51.33.

Insider Transactions at PotlatchDeltic

In related news, CEO Eric J. Cremers sold 17,591 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $793,881.83. Following the sale, the chief executive officer now owns 241,111 shares of the company's stock, valued at $10,881,339.43. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Eric J. Cremers sold 17,591 shares of the business's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $793,881.83. Following the sale, the chief executive officer now owns 241,111 shares of the company's stock, valued at $10,881,339.43. The sale was disclosed in a filing with the SEC, which is available 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 value of $179,115.52. Following the sale, the vice president now directly owns 31,864 shares in the company, valued at approximately $1,438,340.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,124 shares of company stock worth $1,043,626. Company insiders own 2.00% of the company's stock.

PotlatchDeltic Stock Performance

Shares of NASDAQ PCH traded down $0.57 during midday trading on Friday, hitting $43.91. 219,797 shares of the company's stock were exchanged, compared to its average volume of 361,938. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.14. The stock's 50 day moving average price is $45.32 and its 200-day moving average price is $45.92. The firm has a market cap of $3.49 billion, a P/E ratio of 57.03 and a beta of 1.15. PotlatchDeltic Co. has a twelve month low of $41.31 and a twelve month high of $54.44.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.10%. PotlatchDeltic's dividend payout ratio is presently 233.77%.

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.