35,480 Shares in PotlatchDeltic Co. (NASDAQ:PCH) Purchased by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. bought a new stake in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,480 shares of the real estate investment trust's stock, valued at approximately $1,393,000.

Several other institutional investors and hedge funds have also bought and sold shares of PCH. JPMorgan Chase & Co. lifted its position in shares of PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock worth $44,960,000 after purchasing an additional 245,026 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of PotlatchDeltic by 4.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust's stock worth $6,364,000 after acquiring an additional 7,567 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of PotlatchDeltic by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock valued at $60,554,000 after purchasing an additional 70,745 shares in the last quarter. Stephens Inc. AR grew its stake in PotlatchDeltic by 9.0% in 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 during the period. Finally, New York State Common Retirement Fund raised its holdings in PotlatchDeltic by 17.3% in the fourth quarter. New York State Common Retirement Fund now owns 271,698 shares of the real estate investment trust's stock worth $10,664,000 after purchasing an additional 40,058 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PCH. Citigroup reduced 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. DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a report on Wednesday, January 29th. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Truist Financial decreased their target price on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.43.

Insider Activity at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 14,188 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the transaction, the chief executive officer now directly owns 281,133 shares in the company, valued at $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic stock in a transaction that occurred 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 sale, the chief financial officer now owns 27,701 shares in the company, valued at approximately $1,241,558.82. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,651 shares of company stock worth $834,770. 1.00% of the stock is owned by company insiders.

PotlatchDeltic Stock Performance

Shares of PotlatchDeltic stock traded up $0.01 during trading hours on Monday, reaching $39.09. 135,529 shares of the stock traded hands, compared to its average volume of 448,647. The company has a 50 day moving average price of $43.14 and a 200 day moving average price of $42.55. PotlatchDeltic Co. has a one year low of $36.82 and a one year high of $48.12. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 139.51 and a beta of 1.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. On average, equities research analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given 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 dividend yield of 4.60%. PotlatchDeltic's payout ratio is currently 642.86%.

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.