Strs Ohio Sells 500 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Strs Ohio decreased its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,100 shares of the real estate investment trust’s stock after selling 500 shares during the period. Strs Ohio’s holdings in PotlatchDeltic were worth $790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Manchester Capital Management LLC boosted its holdings in PotlatchDeltic by 2,132.0% in the third quarter. Manchester Capital Management LLC now owns 558 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 533 shares in the last quarter. Millburn Ridgefield Corp bought a new position in shares of PotlatchDeltic in the third quarter valued at approximately $28,000. Fifth Third Bancorp lifted its holdings in shares of PotlatchDeltic by 43.8% in the third quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 305 shares in the last quarter. Planned Solutions Inc. bought a new position in shares of PotlatchDeltic in the fourth quarter valued at approximately $60,000. Finally, VitalStone Financial LLC lifted its holdings in shares of PotlatchDeltic by 109.6% in the third quarter. VitalStone Financial LLC now owns 3,608 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 1,887 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Stock Performance

Shares of PCH opened at $41.41 on Thursday. The firm has a market cap of $3.29 billion, a PE ratio of 53.78 and a beta of 1.15. The stock’s fifty day moving average price is $44.84 and its two-hundred day moving average price is $45.72. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.14. PotlatchDeltic Co. has a 1 year low of $40.55 and a 1 year high of $54.44.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.35%. PotlatchDeltic’s payout ratio is presently 233.77%.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, CFO Wayne Wasechek sold 1,565 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.13, for a total value of $70,628.45. Following the sale, the chief financial officer now directly owns 21,247 shares in the company, valued at $958,877.11. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Eric J. Cremers sold 17,591 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $793,881.83. Following the sale, the chief executive officer now directly owns 241,111 shares in the company, valued at approximately $10,881,339.43. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Wayne Wasechek sold 1,565 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the sale, the chief financial officer now owns 21,247 shares in the company, valued at $958,877.11. The disclosure for this sale can be found here. Insiders have sold a total of 23,124 shares of company stock worth $1,043,626 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PCH shares. Royal Bank of Canada restated a “sector perform” rating and issued a $48.00 target price on shares of PotlatchDeltic in a report on Wednesday, January 31st. Truist Financial dropped their target price on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.33.

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.