Zacks Investment Management Makes New $454,000 Investment in PotlatchDeltic Co. (NASDAQ:PCH)

Zacks Investment Management bought a new stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,572 shares of the real estate investment trust's stock, valued at approximately $454,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its stake in shares of PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 818 shares during the period. Sterling Capital Management LLC increased its holdings in PotlatchDeltic by 806.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after buying an additional 2,227 shares during the last quarter. KBC Group NV raised its stake in PotlatchDeltic by 67.3% in the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock valued at $145,000 after acquiring an additional 1,483 shares during the period. FMR LLC grew its position in shares of PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust's stock valued at $195,000 after purchasing an additional 733 shares during the last quarter. Finally, Mariner LLC boosted its stake in shares of PotlatchDeltic by 33.8% in the fourth quarter. Mariner LLC now owns 6,718 shares of the real estate investment trust's stock valued at $264,000 after buying an additional 1,698 shares during the period. Institutional investors and hedge funds own 86.06% of the company's stock.

PotlatchDeltic Stock Performance

Shares of PCH traded down $0.22 during mid-day trading on Friday, reaching $38.83. The company had a trading volume of 100,296 shares, compared to its average volume of 448,036. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. PotlatchDeltic Co. has a 52-week low of $36.82 and a 52-week high of $48.12. The stock has a 50 day moving average of $43.26 and a two-hundred day moving average of $42.59. The stock has a market capitalization of $3.06 billion, a P/E ratio of 138.63 and a beta of 1.12.

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

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic's dividend payout ratio (DPR) is 642.86%.

Insider Buying and Selling

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the completion of the transaction, the vice president now owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eric J. Cremers sold 14,188 shares of the firm'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 completion of the sale, the chief executive officer now directly owns 281,133 shares in the company, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PCH shares. Citigroup dropped their price target on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. Finally, Truist Financial reduced their price target on PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $48.43.

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.