Natixis Purchases Shares of 18,700 PotlatchDeltic Co. (NASDAQ:PCH)

Natixis bought a new position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,700 shares of the real estate investment trust's stock, valued at approximately $734,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of PotlatchDeltic during the 4th quarter worth about $150,000. GeoWealth Management LLC bought a new position in PotlatchDeltic in the fourth quarter worth approximately $131,000. Capital Square LLC grew its stake in PotlatchDeltic by 0.8% in the fourth quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust's stock valued at $1,711,000 after acquiring an additional 337 shares during the period. Farringdon Capital Ltd. bought a new stake in PotlatchDeltic during the 4th quarter valued at $232,000. Finally, Zacks Investment Management acquired a new position in PotlatchDeltic during the fourth quarter worth $454,000. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Stock Performance

Shares of PCH traded down $0.41 during trading hours on Tuesday, hitting $39.03. The company's stock had a trading volume of 285,387 shares, compared to its average volume of 450,636. The business has a 50 day simple moving average of $43.04 and a two-hundred day simple moving average of $42.53. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 139.30 and a beta of 1.12. PotlatchDeltic Co. has a 52-week low of $36.82 and a 52-week high of $48.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. The business had revenue of $268.26 million for the quarter, compared to analysts' expectations of $243.68 million. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. On average, equities analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.61%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's payout ratio is 642.86%.

Analyst Ratings Changes

PCH has been the subject of several recent research reports. 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 report on Wednesday, January 15th. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. Finally, Truist Financial decreased their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $48.43.

Insider Transactions at PotlatchDeltic

In other news, CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.82, for a total transaction of $57,952.26. Following the completion of the sale, the chief financial officer now directly owns 27,701 shares of the company's stock, valued at approximately $1,241,558.82. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michele Tyler sold 3,170 shares of the stock in a transaction 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 completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,651 shares of company stock valued at $834,770. 1.00% of the stock is currently owned by company insiders.

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.