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

Fox Run Management L.L.C. raised its stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 204.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 22,717 shares of the real estate investment trust's stock after buying an additional 15,249 shares during the quarter. Fox Run Management L.L.C.'s holdings in PotlatchDeltic were worth $892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PCH. Charles Schwab Investment Management Inc. increased its position in PotlatchDeltic by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock valued at $60,554,000 after acquiring an additional 70,745 shares during the period. Adelante Capital Management LLC raised its stake in shares of PotlatchDeltic by 3,486.3% during the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust's stock valued at $51,684,000 after purchasing an additional 1,115,272 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in PotlatchDeltic by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust's stock worth $40,565,000 after purchasing an additional 163,774 shares during the period. Sei Investments Co. increased its stake in PotlatchDeltic by 26.5% during the 4th quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust's stock valued at $15,107,000 after buying an additional 80,580 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of PotlatchDeltic by 29.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust's stock worth $13,918,000 after buying an additional 69,887 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on PCH shares. DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th. Truist Financial lowered their target price on 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 target price on the stock in a report on Friday, December 6th. Citigroup decreased their target price on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $48.71.

PotlatchDeltic Stock Up 1.2 %

Shares of NASDAQ PCH traded up $0.54 during mid-day trading on Thursday, reaching $45.02. The company had a trading volume of 419,028 shares, compared to its average volume of 411,443. The stock has a fifty day moving average of $44.61 and a two-hundred day moving average of $43.20. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $48.12. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 160.79 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 - 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, beating 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%. As a group, equities research analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

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 $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic's payout ratio is currently 642.86%.

Insiders Place Their Bets

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michele Tyler sold 3,170 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the sale, 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 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 in the last three months. Insiders own 2.00% of the company's stock.

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.