PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,544 shares of the real estate investment trust’s stock after selling 3,257 shares during the period. M&T Bank Corp owned 0.07% of PotlatchDeltic worth $2,101,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Saturna Capital Corp increased its position in PotlatchDeltic by 3.7% in the third quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 356 shares during the period. Stephens Inc. AR increased its position in PotlatchDeltic by 9.0% in the fourth quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 662 shares during the period. Creative Planning increased its position in PotlatchDeltic by 13.6% in the third quarter. Creative Planning now owns 5,835 shares of the real estate investment trust’s stock worth $263,000 after buying an additional 699 shares during the period. FMR LLC increased its position in PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 shares during the period. Finally, Rock Point Advisors LLC increased its position in PotlatchDeltic by 0.8% in the third quarter. Rock Point Advisors LLC now owns 108,071 shares of the real estate investment trust’s stock worth $4,869,000 after buying an additional 805 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Trading Up 0.1 %

Shares of PCH stock opened at $46.28 on Monday. The stock has a 50-day simple moving average of $43.15 and a 200 day simple moving average of $43.02. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $48.12. The stock has a market capitalization of $3.65 billion, a P/E ratio of 165.29 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 announced its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share 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%. On average, sell-side analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.89%. PotlatchDeltic’s dividend payout ratio (DPR) is 642.86%.

Insider Activity at PotlatchDeltic

In related news, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction 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 in the company, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Michele Tyler sold 3,170 shares of the stock in a transaction on Monday, February 10th. The shares were 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 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 disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock worth $834,770 in the last quarter. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research note on Friday, December 6th. DA Davidson set a $54.00 price target on PotlatchDeltic in a research note on Wednesday, January 29th. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research note on Monday, December 23rd. Finally, Citigroup decreased their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.71.

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.