PotlatchDeltic Co. (NASDAQ:PCH) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP grew its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 219.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,568 shares of the real estate investment trust's stock after purchasing an additional 33,379 shares during the period. ExodusPoint Capital Management LP owned about 0.06% of PotlatchDeltic worth $1,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in PCH. Norges Bank bought a new stake in shares of PotlatchDeltic in the 4th quarter valued at about $217,145,000. JPMorgan Chase & Co. increased its holdings in shares of PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock valued at $44,960,000 after acquiring an additional 245,026 shares during the period. Barclays PLC raised its position in shares of PotlatchDeltic by 147.7% in the 3rd quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust's stock worth $7,378,000 after acquiring an additional 97,655 shares in the last quarter. Sei Investments Co. lifted its stake in shares of PotlatchDeltic by 26.5% during the 4th quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust's stock worth $15,107,000 after purchasing an additional 80,580 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in PotlatchDeltic by 34.0% in the fourth quarter. Fisher Asset Management LLC now owns 302,959 shares of the real estate investment trust's stock valued at $11,891,000 after purchasing an additional 76,924 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors.

Remove Ads

PotlatchDeltic Stock Performance

NASDAQ PCH traded up $0.77 during mid-day trading on Monday, reaching $39.72. 76,414 shares of the stock were exchanged, compared to its average volume of 440,909. PotlatchDeltic Co. has a 1 year low of $36.82 and a 1 year high of $48.12. 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 business's 50 day moving average is $44.22 and its 200-day moving average is $42.90. The company has a market capitalization of $3.13 billion, a P/E ratio of 141.86 and a beta of 1.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued 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 forecast that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a $0.45 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.80 annualized dividend and a yield of 4.53%. PotlatchDeltic's payout ratio is 642.86%.

Insider Transactions at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 14,188 shares of PotlatchDeltic 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 completion of the sale, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the transaction, the chief financial officer now owns 27,701 shares of the company's stock, valued at $1,241,558.82. This trade represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock worth $834,770 in the last 90 days. Insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

PCH has been the topic of a number of analyst reports. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. Citigroup lowered their price target 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 lowered their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Finally, Raymond James raised 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, PotlatchDeltic presently has an average rating of "Moderate Buy" and an average 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.