Arizona State Retirement System Sells 415 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Arizona State Retirement System cut its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,339 shares of the real estate investment trust’s stock after selling 415 shares during the period. Arizona State Retirement System’s holdings in PotlatchDeltic were worth $1,097,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC raised its position 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 worth $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 worth $28,000. Fifth Third Bancorp raised its position 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 worth $45,000 after buying an additional 305 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position 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 worth $45,000 after buying an additional 750 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position 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 worth $53,000 after buying an additional 408 shares in the last quarter. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Stock Down 1.5 %

PCH opened at $43.23 on Tuesday. The stock has a market cap of $3.44 billion, a PE ratio of 56.14 and a beta of 1.15. The company has a quick ratio of 1.14, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. PotlatchDeltic Co. has a 52 week low of $41.31 and a 52 week high of $54.44. The business’s fifty day simple moving average is $45.30 and its 200 day simple moving average is $45.91.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a $0.45 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.16%. PotlatchDeltic’s dividend payout ratio is presently 233.77%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. 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 reiterated a “sector perform” rating and issued a $48.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.33.

Insider Activity at PotlatchDeltic

In other news, VP Michele Tyler sold 3,968 shares of PotlatchDeltic stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $45.14, for a total value of $179,115.52. Following the transaction, the vice president now owns 31,864 shares in the company, valued at $1,438,340.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other PotlatchDeltic news, VP Michele Tyler sold 3,968 shares of PotlatchDeltic stock in a transaction that occurred 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 transaction, the vice president now directly owns 31,864 shares of the company’s stock, valued at approximately $1,438,340.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $793,881.83. Following the completion of the transaction, the chief executive officer now directly owns 241,111 shares in the company, valued at $10,881,339.43. The disclosure for this sale can be found here. Insiders have sold a total of 23,124 shares of company stock valued at $1,043,626 over the last 90 days. 1.00% of the stock is owned by insiders.

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.