New Age Alpha Advisors LLC Makes New Investment in PotlatchDeltic Co. (NASDAQ:PCH)

New Age Alpha Advisors LLC acquired a new stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 10,789 shares of the real estate investment trust’s stock, valued at approximately $423,000.

Several other institutional investors have also modified their holdings of PCH. Norges Bank acquired a new stake in PotlatchDeltic during the 4th quarter worth approximately $217,145,000. JPMorgan Chase & Co. lifted its position in PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust’s stock valued at $44,960,000 after acquiring an additional 245,026 shares in the last quarter. Heitman Real Estate Securities LLC acquired a new position in PotlatchDeltic in the 3rd quarter worth $8,153,000. NFJ Investment Group LLC acquired a new position in PotlatchDeltic in the 3rd quarter worth $5,878,000. Finally, Barclays PLC increased its holdings in PotlatchDeltic by 147.7% during the 3rd quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust’s stock worth $7,378,000 after purchasing an additional 97,655 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Stock Performance

Shares of PCH opened at $44.82 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The firm has a 50-day moving average of $44.81 and a 200-day moving average of $43.25. The company has a market cap of $3.53 billion, a PE ratio of 160.07 and a beta of 1.14. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $48.12.

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, topping analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. As a group, equities analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.02%. The ex-dividend date was Friday, March 7th. PotlatchDeltic’s dividend payout ratio is 642.86%.

Insiders Place Their Bets

In related news, 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 completion of the sale, the chief financial officer now directly owns 27,701 shares in the company, valued at $1,241,558.82. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Michele Tyler sold 3,170 shares of the stock in a transaction 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 transaction, the vice president now owns 39,446 shares in the company, valued at $1,764,025.12. The trade was a 7.44 % decrease in their position. The disclosure for this sale can be found here. Insiders 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 currently owned by company insiders.

Wall Street Analysts Forecast Growth

PCH has been the subject of several recent research reports. Citigroup reduced their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Truist Financial lowered their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Finally, BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.71.

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.