2 weeks Ago By Defense World Staff
Prudential Financial Inc. trimmed its stake in PotlatchDeltic Co. (NASDAQ:PCH – Free Report) by 3.
9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,062 shares of the real estate investment trust’s stock after selling 1,685 shares during the period. Prudential Financial Inc.
owned approximately 0.05% of PotlatchDeltic worth $1,612,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also bought and sold shares of the company.
LPL Financial LLC increased its holdings in shares of PotlatchDeltic by 3.3% in the 4th quarter. LPL Financial LLC now owns 20,266 shares of the real estate investment trust’s stock worth $795,000 after buying an additional 654 shares during the last quarter.
Fox Run Management L.L.C.
increased its stake in PotlatchDeltic by 204.2% in the fourth quarter. Fox Run Management L.
L.C. now owns 22,717 shares of the real estate investment trust’s stock valued at $892,000 after acquiring an additional 15,249 shares during the last quarter.
KLP Kapitalforvaltning AS purchased a new stake in PotlatchDeltic during the fourth quarter valued at about $649,000. Sei Investments Co. lifted its stake in PotlatchDeltic by 26.
5% during the fourth quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust’s stock worth $15,107,000 after purchasing an additional 80,580 shares during the last quarter.
Finally, Xponance Inc. boosted its holdings in shares of PotlatchDeltic by 4.3% in the 4th quarter.
Xponance Inc. now owns 10,706 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 446 shares in the last quarter. 86.
06% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at PotlatchDelticIn other news, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction that occurred on Monday, February 10th.
The stock was sold at an average price of $44.76, for a total value of $635,054.88.
Following the completion of the transaction, the chief executive officer now owns 281,133 shares of the company’s stock, valued at approximately $12,583,513.08. This represents a 4.
80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the company’s stock in a transaction dated Monday, February 10th.
The stock was 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 directly owns 27,701 shares in the company, valued at $1,241,558.82. This represents a 4.
46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,651 shares of company stock valued at $834,770.
Company insiders own 2.00% of the company’s stock. PotlatchDeltic Stock PerformancePotlatchDeltic stock opened at $40.
38 on Friday. 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 firm has a market cap of $3.
18 billion, a P/E ratio of 144.21 and a beta of 1.12.
PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $48.
12. The firm has a 50-day moving average of $44.86 and a 200-day moving average of $43.
20. PotlatchDeltic (NASDAQ:PCH – Get Free Report) last released 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%.
Sell-side analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current year.
PotlatchDeltic Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $0.45 per share.
This represents a $1.80 dividend on an annualized basis and a yield of 4.46%.
The ex-dividend date was Friday, March 7th. PotlatchDeltic’s payout ratio is currently 642.86%.
Wall Street Analyst Weigh InPCH has been the subject of a number of recent research reports. Truist Financial cut their target price on PotlatchDeltic from $45.00 to $44.
00 and set a “hold” rating for the company in a research note on Monday, January 6th. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 29th.
StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.
00 price target for the company in a research report on Monday, December 23rd. Finally, Citigroup decreased their price objective on PotlatchDeltic from $52.00 to $46.
00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $48.
71.Read Our Latest Stock Report on PCHPotlatchDeltic Profile (Free Report)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.Read MoreFive stocks we like better than PotlatchDelticRetail Stocks Investing, ExplainedConagra Stock Could Thrive as Tariffs Hit Other Sectors5 Top Rated Dividend Stocks to ConsiderGrocery Costs and Tariffs Now Top of Mind in Everyday Conversations, New Survey FindsWhat Are Some of the Best Large-Cap Stocks to Buy?Spotify Stock Eyes Double-Digit Upside—Is Now the Time to Buy?.
