VitalStone Financial LLC Sells 699 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

VitalStone Financial LLC trimmed its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 19.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,909 shares of the real estate investment trust’s stock after selling 699 shares during the quarter. VitalStone Financial LLC’s holdings in PotlatchDeltic were worth $131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PCH. Congress Asset Management Co. MA lifted its stake in shares of PotlatchDeltic by 0.3% in the 4th quarter. Congress Asset Management Co. MA now owns 162,366 shares of the real estate investment trust’s stock valued at $7,972,000 after purchasing an additional 502 shares during the period. BTC Capital Management Inc. acquired a new position in PotlatchDeltic during the 1st quarter worth approximately $277,000. Radnor Capital Management LLC acquired a new position in PotlatchDeltic during the 1st quarter worth approximately $404,000. Allspring Global Investments Holdings LLC raised its stake in PotlatchDeltic by 0.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 106,448 shares of the real estate investment trust’s stock worth $5,005,000 after buying an additional 413 shares during the period. Finally, State of Michigan Retirement System raised its stake in PotlatchDeltic by 2.6% during the 1st quarter. State of Michigan Retirement System now owns 19,531 shares of the real estate investment trust’s stock worth $918,000 after buying an additional 500 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other PotlatchDeltic news, VP Ashlee Townsend Cribb sold 4,114 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $43.11, for a total transaction of $177,354.54. Following the completion of the transaction, the vice president now directly owns 29,039 shares of the company’s stock, valued at approximately $1,251,871.29. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PCH. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, August 9th. Bank of America raised PotlatchDeltic from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, September 12th. Truist Financial decreased their price objective on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Finally, Royal Bank of Canada boosted their price objective on PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, PotlatchDeltic has an average rating of “Hold” and an average price target of $47.67.

PotlatchDeltic Stock Performance

PCH stock opened at $42.95 on Monday. The firm has a market cap of $3.41 billion, a PE ratio of 75.35 and a beta of 1.13. The company has a quick ratio of 1.00, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average of $43.33 and a 200-day moving average of $42.46. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. The company had revenue of $320.70 million during the quarter, compared to analyst estimates of $305.01 million. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. PotlatchDeltic’s quarterly revenue was up 30.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. As a group, sell-side analysts expect that PotlatchDeltic Co. will post 0.02 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Friday, September 13th. PotlatchDeltic’s dividend payout ratio is presently 315.79%.

PotlatchDeltic Company 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.