Bank of Montreal Can Sells 1,274 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Bank of Montreal Can lessened its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,230 shares of the real estate investment trust’s stock after selling 1,274 shares during the period. Bank of Montreal Can’s holdings in PotlatchDeltic were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp lifted its position in PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 818 shares in the last quarter. KBC Group NV increased its position in shares of PotlatchDeltic by 67.3% during the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 1,483 shares during the last quarter. Stephens Inc. AR boosted its position in PotlatchDeltic by 9.0% during the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 662 shares during the period. Procyon Advisors LLC raised its holdings in PotlatchDeltic by 37.3% in the 4th quarter. Procyon Advisors LLC now owns 9,241 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 2,511 shares in the last quarter. Finally, Natural Investments LLC purchased a new position in PotlatchDeltic during the fourth quarter valued at $370,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

Insider Activity

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total value of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares in the company, valued at $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.82, for a total value of $57,952.26. Following the sale, the chief financial officer now owns 27,701 shares in the company, valued at $1,241,558.82. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,651 shares of company stock valued at $834,770. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Citigroup lowered their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, PotlatchDeltic presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.43.

PotlatchDeltic Stock Down 0.7 %

Shares of NASDAQ PCH opened at $39.02 on Thursday. PotlatchDeltic Co. has a 12-month low of $36.82 and a 12-month high of $48.12. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.07 billion, a PE ratio of 139.36 and a beta of 1.12. The company has a 50-day moving average of $43.36 and a 200 day moving average of $42.62.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. As a group, sell-side analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

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.