Fox Run Management L.L.C. Buys 15,249 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Fox Run Management L.L.C. lifted its position in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 204.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,717 shares of the real estate investment trust's stock after acquiring an additional 15,249 shares during the quarter. Fox Run Management L.L.C.'s holdings in PotlatchDeltic were worth $892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PCH. EagleClaw Capital Managment LLC boosted its stake in shares of PotlatchDeltic by 0.5% during the fourth quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust's stock valued at $2,442,000 after purchasing an additional 300 shares in the last quarter. Xponance Inc. boosted its position in PotlatchDeltic by 4.3% during the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock worth $420,000 after buying an additional 446 shares during the period. Fiduciary Counselling Inc. grew its holdings in PotlatchDeltic by 0.5% during the 4th quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust's stock worth $4,581,000 after acquiring an additional 607 shares during the last quarter. Stephens Inc. AR increased its position in PotlatchDeltic by 9.0% in the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock valued at $314,000 after acquiring an additional 662 shares during the period. Finally, FMR LLC raised its stake in shares of PotlatchDeltic by 20.4% during 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 during the last quarter. Institutional investors own 86.06% of the company's stock.

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Analysts Set New Price Targets

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

PotlatchDeltic Stock Down 2.1 %

Shares of NASDAQ PCH traded down $0.95 during trading on Tuesday, hitting $44.27. 563,442 shares of the company traded hands, compared to its average volume of 410,977. 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 capitalization of $3.49 billion, a price-to-earnings ratio of 158.11 and a beta of 1.14. The business's fifty day moving average is $44.45 and its 200 day moving average is $43.18. 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 - Get Free Report) last released 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%. Equities research analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

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

Insider Activity at PotlatchDeltic

In other news, VP Michele Tyler sold 3,170 shares of PotlatchDeltic 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 sale, the vice president now directly owns 39,446 shares in the company, valued at $1,764,025.12. The trade was a 7.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the transaction, the chief executive officer now owns 281,133 shares in the company, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock valued at $834,770 over the last ninety days. 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.