Proficio Capital Partners LLC Buys New Position in PotlatchDeltic Co. (NASDAQ:PCH)

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

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in shares of PotlatchDeltic by 259.7% during the 4th 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 during the period. KBC Group NV boosted its stake in PotlatchDeltic by 67.3% during the fourth 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 in the last quarter. Systematic Financial Management LP acquired a new stake in PotlatchDeltic in the third quarter worth $166,000. FMR LLC increased its stake in PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 733 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of PotlatchDeltic during the third quarter valued at about $284,000. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Price Performance

PotlatchDeltic stock opened at $44.52 on Friday. The firm has a market capitalization of $3.51 billion, a P/E ratio of 159.00 and a beta of 1.14. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $48.12. 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 business has a fifty day moving average price of $44.34 and a 200-day moving average price of $43.16.

PotlatchDeltic (NASDAQ:PCH) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating 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 research analysts forecast that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 4.04%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Truist Financial reduced 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. Citigroup reduced their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, 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 note on Monday, December 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, PotlatchDeltic presently has an average rating of “Moderate Buy” and an average price target of $48.71.

Insider Buying and Selling

In other PotlatchDeltic 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 sale, the chief executive officer now owns 281,133 shares in the company, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the completion of the sale, the vice president now owns 39,446 shares in the company, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,651 shares of company stock worth $834,770. Corporate insiders own 2.00% of the company’s stock.

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.