Raymond James Financial Inc. Takes $2.13 Million Position in PotlatchDeltic Co. (NASDAQ:PCH)

Raymond James Financial Inc. purchased a new position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 54,225 shares of the real estate investment trust's stock, valued at approximately $2,128,000. Raymond James Financial Inc. owned about 0.07% of PotlatchDeltic as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised 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 worth $44,000 after acquiring an additional 818 shares in the last quarter. KBC Group NV increased its stake in PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 1,483 shares during the last quarter. Stephens Inc. AR raised its holdings in PotlatchDeltic by 9.0% during the fourth 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 in the last quarter. Procyon Advisors LLC lifted its position in shares of PotlatchDeltic by 37.3% during the 4th quarter. Procyon Advisors LLC now owns 9,241 shares of the real estate investment trust's stock worth $363,000 after buying an additional 2,511 shares during the last quarter. Finally, Natural Investments LLC acquired a new position in shares of PotlatchDeltic in the 4th quarter valued at $370,000. Institutional investors and hedge funds own 86.06% of the company's stock.

Insider Buying and Selling 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 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 $1,764,025.12. The trade was a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction dated Monday, February 10th. The stock was 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 in the company, valued at approximately $1,241,558.82. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock worth $834,770 in the last ninety days. 1.00% of the stock is owned by insiders.

PotlatchDeltic Trading Up 1.8 %

Shares of PCH traded up $0.69 during mid-day trading on Friday, reaching $38.86. The company had a trading volume of 658,612 shares, compared to its average volume of 456,227. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 138.79 and a beta of 1.12. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $42.49 and a 200-day simple moving average of $42.41. PotlatchDeltic Co. has a fifty-two week low of $36.82 and a fifty-two week high of $48.12.

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

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $0.45 per share. The ex-dividend date was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.63%. PotlatchDeltic's dividend payout ratio (DPR) is 295.08%.

Analyst Ratings Changes

Several analysts have recently weighed in on PCH shares. 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 price objective on PotlatchDeltic in a research note on Wednesday, January 29th. Citigroup lowered their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Finally, Truist Financial reduced their price target on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PotlatchDeltic currently has an average rating of "Moderate Buy" and an average price target of $48.43.

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.