Texas Permanent School Fund Has $2.39 Million Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Texas Permanent School Fund lowered its position in shares of PotlatchDeltic Co. (NASDAQ:PCH – Get Rating) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 54,305 shares of the real estate investment trust’s stock after selling 3,665 shares during the quarter. Texas Permanent School Fund owned 0.07% of PotlatchDeltic worth $2,389,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PCH. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in PotlatchDeltic by 13.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,311 shares of the real estate investment trust’s stock valued at $1,335,000 after purchasing an additional 3,064 shares during the period. BlackRock Inc. grew its holdings in PotlatchDeltic by 3.0% during the first quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust’s stock valued at $472,566,000 after purchasing an additional 258,490 shares during the period. APG Asset Management N.V. grew its holdings in PotlatchDeltic by 99.4% during the first quarter. APG Asset Management N.V. now owns 32,500 shares of the real estate investment trust’s stock valued at $1,540,000 after purchasing an additional 16,200 shares during the period. Great West Life Assurance Co. Can grew its holdings in PotlatchDeltic by 11.4% during the first quarter. Great West Life Assurance Co. Can now owns 39,159 shares of the real estate investment trust’s stock valued at $2,120,000 after purchasing an additional 4,003 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in PotlatchDeltic by 7.3% during the first quarter. Yousif Capital Management LLC now owns 37,230 shares of the real estate investment trust’s stock valued at $1,963,000 after purchasing an additional 2,546 shares during the period. Institutional investors and hedge funds own 80.36% of the company’s stock.

PotlatchDeltic Stock Performance

Shares of PCH stock opened at $48.03 on Thursday. The company’s fifty day simple moving average is $47.59 and its 200-day simple moving average is $46.65. The company has a quick ratio of 3.25, a current ratio of 3.78 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.84 billion, a PE ratio of 18.40 and a beta of 1.18. PotlatchDeltic Co. has a 12 month low of $39.10 and a 12 month high of $56.09.

PotlatchDeltic (NASDAQ:PCH – Get Rating) last posted its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.11. PotlatchDeltic had a net margin of 15.82% and a return on equity of 8.87%. The firm had revenue of $258.00 million for the quarter, compared to analyst estimates of $243.34 million. During the same period in the prior year, the firm posted $2.50 earnings per share. The company’s quarterly revenue was down 37.3% compared to the same quarter last year. Equities research analysts expect that PotlatchDeltic Co. will post 1.02 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.75%. The ex-dividend date is Thursday, June 1st. PotlatchDeltic’s dividend payout ratio (DPR) is currently 68.97%.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 4,676 shares of the company’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $48.13, for a total value of $225,055.88. Following the transaction, the vice president now directly owns 20,662 shares in the company, valued at $994,462.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Wayne Wasechek sold 1,800 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $47.99, for a total value of $86,382.00. Following the transaction, the insider now directly owns 12,322 shares in the company, valued at $591,332.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Michele Tyler sold 4,676 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $48.13, for a total transaction of $225,055.88. Following the completion of the transaction, the vice president now owns 20,662 shares in the company, valued at $994,462.06. The disclosure for this sale can be found here. Insiders have sold a total of 99,028 shares of company stock worth $4,667,676 over the last ninety days. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

PCH has been the topic of a number of research reports. Citigroup initiated coverage on shares of PotlatchDeltic in a research note on Wednesday, March 1st. They issued a “buy” rating on the stock. DA Davidson cut their price target on shares of PotlatchDeltic from $57.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, January 24th. Truist Financial cut their price target on shares of PotlatchDeltic from $48.00 to $47.00 and set a “hold” rating on the stock in a research note on Wednesday, February 1st. Finally, StockNews.com lowered shares of PotlatchDeltic from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $55.40.

About PotlatchDeltic

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PotlatchDeltic Corp. operates as a real estate investment trust, which engages in the ownership and management of acres of timberlands. It operates through the following segments: Timberlands, Wood Products, and Real Estate. The Timberland segment includes delivering logs, pulpwood, sawlogs, and stumpage.