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

Heartland Advisors Inc. reduced its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 9.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 470,531 shares of the real estate investment trust’s stock after selling 47,287 shares during the period. PotlatchDeltic accounts for about 1.0% of Heartland Advisors Inc.’s portfolio, making the stock its 23rd largest holding. Heartland Advisors Inc. owned about 0.60% of PotlatchDeltic worth $18,468,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Natixis Advisors LLC lifted its stake in PotlatchDeltic by 28.6% in the 3rd quarter. Natixis Advisors LLC now owns 20,854 shares of the real estate investment trust’s stock valued at $939,000 after purchasing an additional 4,633 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth approximately $372,000. Intech Investment Management LLC bought a new position in PotlatchDeltic during the third quarter worth $781,000. Cerity Partners LLC raised its position in shares of PotlatchDeltic by 28.4% in the third quarter. Cerity Partners LLC now owns 22,812 shares of the real estate investment trust’s stock valued at $1,028,000 after purchasing an additional 5,049 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of PotlatchDeltic by 6.1% during the 3rd quarter. Fisher Asset Management LLC now owns 226,035 shares of the real estate investment trust’s stock worth $10,183,000 after buying an additional 13,006 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Price Performance

PotlatchDeltic stock opened at $45.02 on Friday. The stock has a 50-day moving average price of $44.67 and a two-hundred day moving average price of $43.22. The company has a market capitalization of $3.55 billion, a PE ratio of 160.79 and a beta of 1.14. PotlatchDeltic Co. has a 12 month low of $37.06 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.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. Analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Dividend Announcement

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

Analyst Ratings Changes

PCH has been the topic of several recent research reports. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 23rd. Citigroup decreased their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 29th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, PotlatchDeltic has a consensus rating of “Moderate Buy” and a consensus price target of $48.71.

Insider Buying and Selling

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the transaction, the chief executive officer now owns 281,133 shares in the company, valued at approximately $12,583,513.08. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Michele Tyler sold 3,170 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the completion of the sale, the vice president now directly owns 39,446 shares of the company’s stock, valued at approximately $1,764,025.12. This trade represents a 7.44 % 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 over the last ninety days. 2.00% 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.