Heartland Advisors Inc. Sells 47,287 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Heartland Advisors Inc. decreased its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 9.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 470,531 shares of the real estate investment trust’s stock after selling 47,287 shares during the quarter. PotlatchDeltic makes up 1.0% of Heartland Advisors Inc.’s investment portfolio, making the stock its 23rd largest position. Heartland Advisors Inc.’s holdings in PotlatchDeltic were worth $18,468,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Fifth Third Bancorp boosted its position in shares of PotlatchDeltic by 259.7% in the fourth 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 during the period. Systematic Financial Management LP purchased a new position in PotlatchDeltic during the third quarter worth about $166,000. KBC Group NV grew its holdings in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,483 shares in the last quarter. FMR LLC lifted its stake in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 733 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in PotlatchDeltic in the third quarter worth approximately $284,000. 86.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PCH shares. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. Truist Financial cut their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a report on Monday, December 23rd. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a report on Friday, December 6th. Finally, Citigroup decreased their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.71.

Insider Activity

In other news, CFO Wayne Wasechek sold 1,293 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.82, for a total transaction of $57,952.26. Following the completion of the sale, the chief financial officer now owns 27,701 shares of the company’s stock, valued at $1,241,558.82. This represents a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the transaction, the chief executive officer now owns 281,133 shares in the company, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,651 shares of company stock valued at $834,770 in the last 90 days. 2.00% of the stock is currently owned by insiders.

PotlatchDeltic Stock Up 1.2 %

Shares of NASDAQ:PCH opened at $45.02 on Friday. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $48.12. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 160.79 and a beta of 1.14. The stock has a fifty day simple moving average of $44.67 and a two-hundred day simple moving average of $43.22. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. On average, research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s payout ratio is presently 642.86%.

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.