Valeo Financial Advisors LLC Purchases Shares of 4,266 PotlatchDeltic Co. (NASDAQ:PCH)

Valeo Financial Advisors LLC purchased a new stake in PotlatchDeltic Co. (NASDAQ:PCH) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,266 shares of the real estate investment trust’s stock, valued at approximately $209,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in PotlatchDeltic by 13.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 25,311 shares of the real estate investment trust’s stock worth $1,335,000 after buying an additional 3,064 shares during the period. BlackRock Inc. raised its holdings in PotlatchDeltic by 3.0% during the 1st quarter. BlackRock Inc. now owns 8,962,038 shares of the real estate investment trust’s stock worth $472,566,000 after buying an additional 258,490 shares during the period. APG Asset Management N.V. raised its holdings in PotlatchDeltic by 99.4% during the 1st quarter. APG Asset Management N.V. now owns 32,500 shares of the real estate investment trust’s stock worth $1,540,000 after buying an additional 16,200 shares during the period. Great West Life Assurance Co. Can raised its holdings in PotlatchDeltic by 11.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,159 shares of the real estate investment trust’s stock worth $2,120,000 after buying an additional 4,003 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in PotlatchDeltic by 7.3% during the 1st quarter. Yousif Capital Management LLC now owns 37,230 shares of the real estate investment trust’s stock worth $1,963,000 after buying an additional 2,546 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at PotlatchDeltic

In other news, CFO Wayne Wasechek sold 1,565 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the sale, the chief financial officer now owns 21,247 shares in the company, valued at $958,877.11. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Eric J. Cremers sold 17,591 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $793,881.83. Following the sale, the chief executive officer now owns 241,111 shares in the company, valued at $10,881,339.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Wayne Wasechek sold 1,565 shares of PotlatchDeltic stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $70,628.45. Following the sale, the chief financial officer now owns 21,247 shares in the company, valued at approximately $958,877.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,124 shares of company stock worth $1,043,626. Insiders own 1.00% of the company’s stock.

PotlatchDeltic Trading Down 1.9 %

Shares of PCH stock opened at $42.42 on Wednesday. PotlatchDeltic Co. has a 12 month low of $41.31 and a 12 month high of $54.44. The company has a quick ratio of 1.14, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $45.26 and its two-hundred day moving average is $45.89. The company has a market cap of $3.37 billion, a PE ratio of 55.09 and a beta of 1.15.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.24%. PotlatchDeltic’s payout ratio is 233.77%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PCH. Truist Financial dropped their target price on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $48.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.33.

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.