PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. trimmed its position in PotlatchDeltic Co. (NASDAQ:PCH) by 54.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,622 shares of the real estate investment trust’s stock after selling 34,662 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in PotlatchDeltic were worth $1,405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of PCH. Manchester Capital Management LLC raised its holdings in shares of PotlatchDeltic by 2,132.0% in the 3rd quarter. Manchester Capital Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 533 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in shares of PotlatchDeltic in the 3rd quarter valued at $28,000. Intrepid Capital Management Inc. purchased a new position in shares of PotlatchDeltic in the 2nd quarter valued at $30,000. Fifth Third Bancorp grew its position in shares of PotlatchDeltic by 43.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 305 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of PotlatchDeltic by 490.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 903 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 750 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Stock Down 1.3 %

PCH stock opened at $43.91 on Friday. PotlatchDeltic Co. has a one year low of $41.31 and a one year high of $54.44. The stock has a market capitalization of $3.49 billion, a PE ratio of 57.03 and a beta of 1.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.44. The company has a fifty day moving average of $45.32 and a 200-day moving average of $45.92.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.10%. The ex-dividend date was Thursday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 233.77%.

Insider Transactions at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 17,591 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $793,881.83. Following the completion of the sale, the chief executive officer now owns 241,111 shares in the company, valued at approximately $10,881,339.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Eric J. Cremers sold 17,591 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $793,881.83. Following the completion of the sale, the chief executive officer now owns 241,111 shares in the company, valued at $10,881,339.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Wayne Wasechek sold 1,565 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $70,628.45. Following the completion of the sale, the chief financial officer now owns 21,247 shares of the company’s stock, valued at approximately $958,877.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,124 shares of company stock worth $1,043,626. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $48.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Truist Financial dropped their target price on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.33.

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.