New York State Teachers Retirement System Sells 7,953 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

New York State Teachers Retirement System decreased its position in PotlatchDeltic Co. (NASDAQ:PCH) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 101,875 shares of the real estate investment trust’s stock after selling 7,953 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of PotlatchDeltic worth $5,002,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC increased its holdings in shares of PotlatchDeltic by 2,132.0% during the third quarter. Manchester Capital Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 533 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of PotlatchDeltic during the third quarter valued at $28,000. Steward Partners Investment Advisory LLC boosted its position in shares of PotlatchDeltic by 490.2% during the first 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. Fifth Third Bancorp boosted its position in shares of PotlatchDeltic by 43.8% during the third 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, Planned Solutions Inc. purchased a new stake in shares of PotlatchDeltic during the fourth quarter valued at $60,000. Institutional investors own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on PCH shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $48.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Truist Financial dropped 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. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $51.33.

Insiders Place Their Bets

In other news, 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 transaction of $70,628.45. Following the transaction, the chief financial officer now directly owns 21,247 shares of the company’s stock, valued at approximately $958,877.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Eric J. Cremers sold 17,591 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 transaction of $793,881.83. Following the transaction, 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 can be accessed through this link. Also, CFO Wayne Wasechek sold 1,565 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the sale, the chief financial officer now directly owns 21,247 shares in the company, valued at approximately $958,877.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,124 shares of company stock valued at $1,043,626. Insiders own 2.00% of the company’s stock.

PotlatchDeltic Trading Down 1.3 %

Shares of NASDAQ:PCH opened at $43.91 on Friday. The stock has a market capitalization of $3.49 billion, a price-to-earnings 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 stock’s 50-day simple moving average is $45.32 and its two-hundred day simple moving average is $45.92. PotlatchDeltic Co. has a 52-week low of $41.31 and a 52-week high of $54.44.

PotlatchDeltic Dividend Announcement

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

PotlatchDeltic 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.