PotlatchDeltic Co. (NASDAQ:PCH) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN increased its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 5.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,277 shares of the real estate investment trust's stock after purchasing an additional 13,142 shares during the quarter. Wells Fargo & Company MN owned 0.34% of PotlatchDeltic worth $10,491,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of PotlatchDeltic during the 4th quarter worth $217,145,000. Charles Schwab Investment Management Inc. raised its stake in PotlatchDeltic by 4.8% in 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 buying an additional 70,745 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in PotlatchDeltic by 27.2% during 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 buying an additional 245,026 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of PotlatchDeltic by 2.3% during the 4th quarter. Wellington Management Group LLP now owns 1,061,497 shares of the real estate investment trust's stock worth $41,664,000 after acquiring an additional 23,975 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of PotlatchDeltic by 26.5% in the 4th quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust's stock valued at $15,107,000 after acquiring an additional 80,580 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 target price for the company in a research note on Monday, December 23rd. Truist Financial lowered 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. DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Citigroup reduced their price target 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. Finally, StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.43.

PotlatchDeltic Stock Performance

NASDAQ PCH traded up $0.99 during trading on Tuesday, reaching $39.30. The company's stock had a trading volume of 693,380 shares, compared to its average volume of 447,652. The business's fifty day moving average price is $43.46 and its 200-day moving average price is $42.64. PotlatchDeltic Co. has a twelve month low of $36.82 and a twelve month high of $48.12. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 140.36 and a beta of 1.12.

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

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic's dividend payout ratio (DPR) is presently 642.86%.

Insider Buying and Selling

In other PotlatchDeltic news, CFO Wayne Wasechek sold 1,293 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,651 shares of company stock valued at $834,770 over the last three months. 1.00% of the stock is currently owned by company 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.