Mutual of America Capital Management LLC Reduces Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

Mutual of America Capital Management LLC lowered its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 181,324 shares of the real estate investment trust’s stock after selling 1,609 shares during the quarter. Mutual of America Capital Management LLC owned 0.23% of PotlatchDeltic worth $7,117,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Adelante Capital Management LLC boosted its holdings in PotlatchDeltic by 3,486.3% in the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock worth $51,684,000 after purchasing an additional 1,115,272 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in PotlatchDeltic by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock worth $40,565,000 after purchasing an additional 163,774 shares during the last quarter. Curi RMB Capital LLC boosted its holdings in PotlatchDeltic by 0.5% in the third quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock worth $15,122,000 after purchasing an additional 1,578 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in PotlatchDeltic by 29.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust’s stock worth $13,918,000 after purchasing an additional 69,887 shares during the last quarter. Finally, New York State Common Retirement Fund boosted 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 during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the completion of the sale, the vice president now owns 39,446 shares in the company, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,651 shares of company stock worth $834,770. Insiders own 2.00% of the company’s stock.

PotlatchDeltic Stock Up 0.5 %

PCH opened at $46.43 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $47.65. The firm’s fifty day moving average is $42.40 and its 200 day moving average is $42.83. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 165.82 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share 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, sell-side analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $0.45 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 3.88%. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

Analyst Ratings Changes

PCH has been the topic of several analyst reports. DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a research note on Wednesday, January 29th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research note on Friday, December 6th. Truist Financial dropped their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Finally, Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Monday, December 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PotlatchDeltic currently has an average rating of “Moderate Buy” and an average target price of $48.71.

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.