Valeo Financial Advisors LLC Invests $209,000 in PotlatchDeltic Co. (NASDAQ:PCH)

Valeo Financial Advisors LLC purchased a new stake in PotlatchDeltic Co. (NASDAQ:PCH) during the fourth quarter, HoldingsChannel reports. The firm purchased 4,266 shares of the real estate investment trust’s stock, valued at approximately $209,000.

Other large investors have also added to or reduced their stakes in the company. Manchester Capital Management LLC raised its stake in 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 acquiring an additional 533 shares during the period. Millburn Ridgefield Corp bought a new stake in PotlatchDeltic in the 3rd quarter valued at $28,000. Steward Partners Investment Advisory LLC grew its holdings in 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 in the last quarter. Fifth Third Bancorp grew its holdings in 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 in the last quarter. Finally, Planned Solutions Inc. acquired a new position in PotlatchDeltic in the 4th quarter valued at $60,000. Institutional investors own 86.06% of the company’s stock.

Wall Street Analyst Weigh In

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

PotlatchDeltic Stock Performance

PCH opened at $42.42 on Wednesday. The firm has a market cap of $3.37 billion, a P/E ratio of 55.09 and a beta of 1.15. PotlatchDeltic Co. has a 52-week low of $41.31 and a 52-week high of $54.44. 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 business’s fifty day moving average is $45.26 and its 200-day moving average is $45.89.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Thursday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is currently 233.77%.

Insider Transactions at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 17,591 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $793,881.83. Following the sale, 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 is accessible through the SEC website. In related news, CEO Eric J. Cremers sold 17,591 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $45.13, for a total value of $793,881.83. Following the sale, the chief executive officer now directly owns 241,111 shares of the company’s stock, valued at $10,881,339.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michele Tyler sold 3,968 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.14, for a total value of $179,115.52. Following the completion of the sale, the vice president now directly owns 31,864 shares in the company, valued at $1,438,340.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,124 shares of company stock valued at $1,043,626. 1.00% of the stock is owned by corporate insiders.

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.