Sei Investments Co. Increases Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Sei Investments Co. raised its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 26.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 384,893 shares of the real estate investment trust’s stock after acquiring an additional 80,580 shares during the quarter. Sei Investments Co. owned approximately 0.49% of PotlatchDeltic worth $15,107,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PCH. Fifth Third Bancorp raised its stake in PotlatchDeltic by 259.7% during the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 818 shares in the last quarter. 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 during the last quarter. Systematic Financial Management LP acquired a new stake in shares of PotlatchDeltic during the third quarter worth about $166,000. FMR LLC lifted its holdings in shares of PotlatchDeltic by 20.4% in the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 733 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of PotlatchDeltic in the 3rd quarter valued at about $284,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Price Performance

Shares of NASDAQ:PCH opened at $44.82 on Friday. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $48.12. The company has a 50-day moving average price of $44.72 and a 200 day moving average price of $43.24. The company has a market cap of $3.53 billion, a P/E ratio of 160.07 and a beta of 1.14. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating 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%. Research analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

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 paid 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 4.02%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

Analysts Set New Price Targets

PCH has been the topic of several research analyst reports. BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research report on Friday, December 6th. Truist Financial reduced 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. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Citigroup reduced 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, StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.71.

Insider Activity

In related news, VP Michele Tyler sold 3,170 shares of the firm’s 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 transaction, the vice president now directly owns 39,446 shares of the company’s stock, valued at $1,764,025.12. This trade represents a 7.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the business’s stock in a transaction on 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 approximately $1,241,558.82. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock worth $834,770 in the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

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.