18,879 Shares in PotlatchDeltic Co. (NASDAQ:PCH) Acquired by Proficio Capital Partners LLC

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

A number of other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in PotlatchDeltic by 259.7% during 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. KBC Group NV grew its holdings 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 valued at $145,000 after purchasing an additional 1,483 shares during the period. Systematic Financial Management LP purchased a new stake in PotlatchDeltic in the third quarter worth $166,000. FMR LLC raised its stake in shares of 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 buying an additional 733 shares during the period. Finally, Versor Investments LP purchased a new position in shares of PotlatchDeltic during the 3rd quarter valued at $257,000. 86.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Eric J. Cremers sold 14,188 shares of the firm’s 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 transaction, the chief executive officer now directly 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 filing with the SEC, which is available at this link. Also, VP Michele Tyler sold 3,170 shares of the stock in a transaction dated 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 directly owns 39,446 shares in the company, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,651 shares of company stock worth $834,770 in the last three months. Insiders own 2.00% of the company’s stock.

PotlatchDeltic Price Performance

Shares of PCH stock opened at $46.28 on Friday. The business’s 50 day moving average price is $43.15 and its 200-day moving average price is $43.01. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $48.12. The firm has a market cap of $3.65 billion, a P/E ratio of 165.29 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 announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 EPS 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, equities research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The company 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 dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is currently 642.86%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PCH shares. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research report on Monday, December 23rd. DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 29th. Citigroup dropped 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. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $48.71.

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.