LPL Financial LLC Purchases 654 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

LPL Financial LLC grew its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 20,266 shares of the real estate investment trust’s stock after buying an additional 654 shares during the period. LPL Financial LLC’s holdings in PotlatchDeltic were worth $795,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fox Run Management L.L.C. raised its holdings in PotlatchDeltic by 204.2% in the 4th quarter. Fox Run Management L.L.C. now owns 22,717 shares of the real estate investment trust’s stock valued at $892,000 after acquiring an additional 15,249 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in PotlatchDeltic during the fourth quarter worth about $649,000. Sei Investments Co. grew its stake in PotlatchDeltic by 26.5% during the fourth quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust’s stock worth $15,107,000 after buying an additional 80,580 shares in the last quarter. Xponance Inc. increased its holdings in PotlatchDeltic by 4.3% in the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 446 shares during the period. Finally, Cibc World Markets Corp raised its position in shares of PotlatchDeltic by 49.1% in the 4th quarter. Cibc World Markets Corp now owns 28,300 shares of the real estate investment trust’s stock valued at $1,111,000 after buying an additional 9,322 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 18,651 shares of company stock valued at $834,770 over the last ninety days. 1.00% of the stock is owned by company insiders.

PotlatchDeltic Stock Down 3.6 %

NASDAQ:PCH opened at $38.31 on Tuesday. PotlatchDeltic Co. has a one year low of $36.82 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 company has a market cap of $3.02 billion, a PE ratio of 136.82 and a beta of 1.12. The firm’s 50 day simple moving average is $43.56 and its 200 day simple moving average is $42.67.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. On average, research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $0.45 per share. The ex-dividend date was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.70%. PotlatchDeltic’s dividend payout ratio (DPR) is 642.86%.

Analyst Upgrades and Downgrades

PCH has been the topic of several analyst reports. Citigroup reduced their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Truist Financial decreased their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. DA Davidson set a $54.00 target price on PotlatchDeltic in a research note on Wednesday, January 29th. Finally, Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Monday, December 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.71.

About PotlatchDeltic

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.