Proficio Capital Partners LLC Invests $741,000 in PotlatchDeltic Co. (NASDAQ:PCH)

Proficio Capital Partners LLC acquired a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 18,879 shares of the real estate investment trust's stock, valued at approximately $741,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp raised 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 purchasing an additional 818 shares in the last quarter. KBC Group NV raised its stake in PotlatchDeltic by 67.3% during 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 in the last quarter. Systematic Financial Management LP purchased a new stake in PotlatchDeltic in the third quarter valued at $166,000. FMR LLC boosted 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 acquiring an additional 733 shares in the last quarter. Finally, Versor Investments LP purchased a new position in shares of PotlatchDeltic during the third quarter worth about $257,000. Institutional investors and hedge funds own 86.06% of the company's stock.

Insider Transactions at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the firm'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 completion of the transaction, the vice president now owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 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 $12,583,513.08. This represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock valued at $834,770 in the last 90 days. 1.00% of the stock is currently owned by insiders.

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PotlatchDeltic Stock Performance

PotlatchDeltic stock traded down $0.68 during trading hours on Wednesday, reaching $44.22. 330,817 shares of the stock were exchanged, compared to its average volume of 411,036. PotlatchDeltic Co. has a 52-week low of $37.06 and a 52-week high of $48.12. The stock has a market cap of $3.48 billion, a P/E ratio of 158.25 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. The firm's 50 day moving average is $43.41 and its 200 day moving average is $43.06.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.07%. PotlatchDeltic's payout ratio is 642.86%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Raymond James raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 target price for the company in a report on Monday, December 23rd. Citigroup decreased their price objective on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Truist Financial cut their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a report on Monday, January 6th. BMO Capital Markets upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price target for the company in a research note on Friday, December 6th. Finally, DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.71.

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.