Northern Trust Corp Raises Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Northern Trust Corp grew its position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,233,250 shares of the real estate investment trust's stock after purchasing an additional 98,914 shares during the quarter. Northern Trust Corp owned about 1.57% of PotlatchDeltic worth $48,405,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Quarry LP grew its position in PotlatchDeltic by 224.2% during the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock worth $27,000 after buying an additional 482 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of PotlatchDeltic by 259.7% during the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after acquiring an additional 818 shares during the period. Sterling Capital Management LLC grew its holdings in shares of PotlatchDeltic by 806.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after purchasing an additional 2,227 shares in the last quarter. GeoWealth Management LLC acquired a new position in PotlatchDeltic in the fourth quarter valued at about $131,000. Finally, KBC Group NV lifted its position in PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 1,483 shares during the period. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Trading Up 0.1 %

NASDAQ PCH traded up $0.05 during trading hours on Friday, reaching $38.20. The company's stock had a trading volume of 695,496 shares, compared to its average volume of 461,108. The firm has a fifty day simple moving average of $41.64 and a 200-day simple moving average of $42.23. 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 Co. has a 52 week low of $36.82 and a 52 week high of $48.12. The stock has a market cap of $3.00 billion, a P/E ratio of 136.43 and a beta of 1.16.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.13. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The business had revenue of $268.26 million for the quarter, compared to analyst estimates of $243.68 million. The company's revenue was up 17.6% on a year-over-year basis. Equities analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.71%. PotlatchDeltic's payout ratio is presently 295.08%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Truist Financial cut their target price on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. DA Davidson set a $54.00 price target on PotlatchDeltic in a research note on Wednesday, January 29th. Finally, 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. Two 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 currently has a consensus rating of "Moderate Buy" and an average target price of $48.43.

Insider Buying and Selling

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the sale, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Michele Tyler sold 3,170 shares of the firm's stock in a transaction that occurred 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 owns 39,446 shares in the company, valued at $1,764,025.12. This represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,651 shares of company stock valued at $834,770 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

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.