Bfsg LLC Has $5.31 Million Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Bfsg LLC cut its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 13.5% in the fourth quarter, HoldingsChannel reports. The fund owned 108,101 shares of the real estate investment trust’s stock after selling 16,931 shares during the quarter. Bfsg LLC’s holdings in PotlatchDeltic were worth $5,308,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PCH. Grantham Mayo Van Otterloo & Co. LLC boosted its position in PotlatchDeltic by 21.2% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 759,426 shares of the real estate investment trust’s stock worth $34,470,000 after acquiring an additional 133,066 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in PotlatchDeltic by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,310,548 shares of the real estate investment trust’s stock worth $59,486,000 after purchasing an additional 43,924 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in PotlatchDeltic in the 4th quarter worth approximately $1,095,000. Victory Capital Management Inc. lifted its holdings in PotlatchDeltic by 16.8% in the 3rd quarter. Victory Capital Management Inc. now owns 151,074 shares of the real estate investment trust’s stock worth $6,857,000 after purchasing an additional 21,696 shares during the last quarter. Finally, Private Client Services LLC bought a new position in PotlatchDeltic in the 4th quarter worth approximately $671,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Stock Down 1.4 %

Shares of NASDAQ:PCH traded down $0.60 during mid-day trading on Thursday, reaching $40.81. 129,081 shares of the stock were exchanged, compared to its average volume of 410,714. The company has a quick ratio of 1.14, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.24 billion, a P/E ratio of 53.78 and a beta of 1.15. PotlatchDeltic Co. has a one year low of $40.47 and a one year high of $54.44. The stock’s 50 day simple moving average is $44.84 and its 200-day simple moving average is $45.72.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.80 annualized dividend and a yield of 4.41%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 233.77%.

Wall Street Analysts Forecast Growth

PCH has been the topic of a number of research reports. Truist Financial lowered their price objective on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $48.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 31st. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $51.33.

Insider Activity

In related news, CEO Eric J. Cremers sold 17,591 shares of PotlatchDeltic stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 241,111 shares of the company’s stock, valued at approximately $10,881,339.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Eric J. Cremers sold 17,591 shares of the firm’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 owns 241,111 shares of the company’s stock, valued at approximately $10,881,339.43. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Wayne Wasechek sold 1,565 shares of PotlatchDeltic stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $45.13, for a total value of $70,628.45. Following the transaction, the chief financial officer now directly owns 21,247 shares in the company, valued at $958,877.11. The disclosure for this sale can be found here. Insiders sold a total of 23,124 shares of company stock valued at $1,043,626 over the last three months. Insiders own 2.00% of the company’s stock.

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.