22,300 Shares in PotlatchDeltic Co. (NASDAQ:PCH) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,300 shares of the real estate investment trust’s stock, valued at approximately $1,095,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of PotlatchDeltic by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,310,548 shares of the real estate investment trust’s stock worth $59,486,000 after buying an additional 43,924 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its holdings in PotlatchDeltic by 21.2% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 759,426 shares of the real estate investment trust’s stock valued at $34,470,000 after purchasing an additional 133,066 shares during the period. Principal Financial Group Inc. boosted its holdings in PotlatchDeltic by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 325,425 shares of the real estate investment trust’s stock valued at $14,771,000 after purchasing an additional 6,575 shares during the period. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in PotlatchDeltic by 2.9% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 252,310 shares of the real estate investment trust’s stock valued at $11,452,000 after purchasing an additional 7,165 shares during the period. Finally, Swiss National Bank boosted its holdings in PotlatchDeltic by 0.8% in the 3rd quarter. Swiss National Bank now owns 175,714 shares of the real estate investment trust’s stock valued at $7,976,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 86.06% of the company’s stock.

Wall Street Analyst Weigh In

PCH has been the subject of a number of recent research reports. Truist Financial cut their price objective on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $48.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, PotlatchDeltic currently has an average rating of “Hold” and an average target price of $51.33.

Insider Activity

In other news, CFO Wayne Wasechek sold 1,565 shares of the business’s 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 completion of the transaction, the chief financial officer now directly owns 21,247 shares in the company, valued at approximately $958,877.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Michele Tyler sold 3,968 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.14, for a total transaction of $179,115.52. Following the completion of the transaction, the vice president now directly owns 31,864 shares in the company, valued at approximately $1,438,340.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Wayne Wasechek sold 1,565 shares of the company’s stock in a transaction that occurred on 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 owns 21,247 shares of the company’s stock, valued at $958,877.11. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,124 shares of company stock worth $1,043,626. 2.00% of the stock is currently owned by corporate insiders.

PotlatchDeltic Price Performance

Shares of NASDAQ:PCH opened at $41.45 on Wednesday. The firm has a 50 day moving average of $44.91 and a 200-day moving average of $45.75. The stock has a market capitalization of $3.30 billion, a PE ratio of 53.83 and a beta of 1.15. The company has a current ratio of 1.44, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. PotlatchDeltic Co. has a 12 month low of $40.55 and a 12 month high of $54.44.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend was Thursday, March 7th. PotlatchDeltic’s payout ratio is presently 233.77%.

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.