Corient Private Wealth LLC Sells 575 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Corient Private Wealth LLC reduced its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,077 shares of the real estate investment trust’s stock after selling 575 shares during the quarter. Corient Private Wealth LLC’s holdings in PotlatchDeltic were worth $5,577,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PCH. Natixis Advisors LLC grew its stake in shares of PotlatchDeltic by 28.6% during the third quarter. Natixis Advisors LLC now owns 20,854 shares of the real estate investment trust’s stock valued at $939,000 after purchasing an additional 4,633 shares during the last quarter. Segall Bryant & Hamill LLC bought a new position in PotlatchDeltic in the third quarter valued at approximately $2,162,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in PotlatchDeltic in the third quarter valued at approximately $372,000. Intech Investment Management LLC bought a new position in PotlatchDeltic in the third quarter valued at approximately $781,000. Finally, Cerity Partners LLC boosted its stake in PotlatchDeltic by 28.4% in the third quarter. Cerity Partners LLC now owns 22,812 shares of the real estate investment trust’s stock valued at $1,028,000 after acquiring an additional 5,049 shares during the last quarter. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Trading Down 2.7 %

PCH opened at $44.52 on Friday. PotlatchDeltic Co. has a twelve month low of $37.06 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’s fifty day moving average is $44.34 and its two-hundred day moving average is $43.16. The firm has a market cap of $3.51 billion, a PE ratio of 159.00 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, topping 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%. Equities research analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.04%. PotlatchDeltic’s payout ratio is 642.86%.

Insider Buying and Selling

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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.82, for a total transaction of $57,952.26. Following the completion of the sale, the chief financial officer now owns 27,701 shares in the company, valued at $1,241,558.82. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,651 shares of company stock worth $834,770 over the last ninety days. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

PCH has been the topic of a number of recent research reports. Truist Financial reduced their price objective 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. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 29th. StockNews.com raised 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 target price on the stock in a report on Friday, December 6th. Finally, Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.71.

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.