Proficio Capital Partners LLC Acquires New Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Proficio Capital Partners LLC bought a new position in PotlatchDeltic Co. (NASDAQ:PCH) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,879 shares of the real estate investment trust’s stock, valued at approximately $741,000.

A number of other institutional investors have also recently modified their holdings of PCH. Fifth Third Bancorp lifted its stake in shares of PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 818 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of PotlatchDeltic during the third quarter valued at approximately $166,000. KBC Group NV raised its holdings in PotlatchDeltic by 67.3% in the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 1,483 shares during the last quarter. FMR LLC lifted its position in 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 acquiring an additional 733 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in PotlatchDeltic during the 3rd quarter valued at $284,000. 86.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Citigroup dropped their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Truist Financial decreased their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, December 23rd. Finally, DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PotlatchDeltic presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.71.

PotlatchDeltic Stock Down 2.7 %

NASDAQ PCH opened at $44.52 on Friday. The stock has a 50 day moving average price of $44.34 and a 200-day moving average price of $43.16. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $48.12. The company has a market capitalization of $3.51 billion, a P/E ratio of 159.00 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly 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%. As a group, equities analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s payout ratio is currently 642.86%.

Insider Buying and Selling at PotlatchDeltic

In other news, VP Michele Tyler sold 3,170 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares of the company’s stock, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the sale, the chief executive officer now owns 281,133 shares of the company’s stock, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock valued at $834,770 in the last quarter. 2.00% of the stock is owned by 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.