Headlands Technologies LLC Has $453,000 Position in PotlatchDeltic Co. (NASDAQ:PCH)

Headlands Technologies LLC lifted its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 239.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,542 shares of the real estate investment trust's stock after acquiring an additional 8,142 shares during the period. Headlands Technologies LLC's holdings in PotlatchDeltic were worth $453,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP increased its holdings in shares of PotlatchDeltic by 2.3% in the fourth quarter. Wellington Management Group LLP now owns 1,061,497 shares of the real estate investment trust's stock valued at $41,664,000 after purchasing an additional 23,975 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of PotlatchDeltic during the 4th quarter worth $423,000. Norges Bank acquired a new position in shares of PotlatchDeltic during the 4th quarter worth approximately $217,145,000. JPMorgan Chase & Co. raised its stake in 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 purchasing an additional 245,026 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in PotlatchDeltic by 3.3% in the 4th quarter. LPL Financial LLC now owns 20,266 shares of the real estate investment trust's stock valued at $795,000 after acquiring an additional 654 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at PotlatchDeltic

In other news, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the sale, the chief financial officer now owns 27,701 shares in the company, valued at approximately $1,241,558.82. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $141,762.40. Following the completion of the sale, the vice president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 18,651 shares of company stock worth $834,770 in the last ninety days. 2.00% of the stock is currently owned by insiders.

PotlatchDeltic Stock Up 5.6 %

Shares of PCH stock traded up $2.15 during trading on Wednesday, hitting $40.37. 721,765 shares of the company were exchanged, compared to its average volume of 440,734. 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 Co. has a twelve month low of $36.82 and a twelve month high of $48.12. The business's 50-day simple moving average is $44.42 and its 200 day simple moving average is $43.00. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 144.18 and a beta of 1.12.

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

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were paid a $0.45 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.46%. PotlatchDeltic's payout ratio is presently 642.86%.

Analyst Ratings Changes

A number of research firms have recently commented on PCH. Citigroup dropped 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. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Raymond James upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective on the stock in a research note on Monday, December 23rd. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Truist Financial dropped their target price on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, PotlatchDeltic has an average rating of "Moderate Buy" and a consensus price target 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.