Nisa Investment Advisors LLC Decreases Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Nisa Investment Advisors LLC cut its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,444 shares of the real estate investment trust’s stock after selling 3,655 shares during the quarter. Nisa Investment Advisors LLC owned 0.06% of PotlatchDeltic worth $2,330,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of PCH. Manchester Capital Management LLC boosted its stake in shares of PotlatchDeltic by 2,132.0% in the third quarter. Manchester Capital Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 533 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of PotlatchDeltic in the third quarter valued at approximately $28,000. Fifth Third Bancorp boosted its stake in shares of PotlatchDeltic by 43.8% in 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 in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of PotlatchDeltic by 490.2% in 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 in the last quarter. Finally, CENTRAL TRUST Co boosted its stake in shares of PotlatchDeltic by 46.7% in the third quarter. CENTRAL TRUST Co now owns 1,281 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 408 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on PCH. Royal Bank of Canada reiterated a “sector perform” rating and set a $48.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Truist Financial decreased their target price 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 data from MarketBeat.com, PotlatchDeltic currently has a consensus rating of “Hold” and a consensus target price of $51.33.

Insider Transactions at PotlatchDeltic

In other news, VP Michele Tyler sold 3,968 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.14, for a total value of $179,115.52. Following the completion of the transaction, the vice president now directly owns 31,864 shares of the company’s stock, valued at $1,438,340.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Michele Tyler sold 3,968 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.14, for a total value of $179,115.52. Following the completion of the transaction, the vice president now directly owns 31,864 shares of the company’s stock, valued at $1,438,340.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Eric J. Cremers sold 17,591 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.13, for a total value of $793,881.83. Following the completion of the transaction, the chief executive officer now directly owns 241,111 shares of the company’s stock, valued at $10,881,339.43. 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. 2.00% of the stock is currently owned by insiders.

PotlatchDeltic Stock Down 1.3 %

PCH 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 company has a market cap of $3.49 billion, a price-to-earnings ratio of 57.03 and a beta of 1.15. The business’s fifty day moving average is $45.32 and its two-hundred day moving average is $45.92. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.44.

PotlatchDeltic Dividend Announcement

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

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.