PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Inceptionr LLC

Inceptionr LLC decreased its position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 69.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,335 shares of the real estate investment trust's stock after selling 16,393 shares during the quarter. Inceptionr LLC's holdings in PotlatchDeltic were worth $288,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PCH. Fifth Third Bancorp lifted its holdings in PotlatchDeltic by 259.7% during the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock worth $44,000 after buying an additional 818 shares in the last quarter. Systematic Financial Management LP acquired a new stake in shares of PotlatchDeltic in the third quarter valued at $166,000. KBC Group NV boosted its holdings in PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock valued at $145,000 after purchasing an additional 1,483 shares during the period. FMR LLC increased its holdings in PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust's stock worth $195,000 after purchasing an additional 733 shares during the period. Finally, Versor Investments LP purchased a new stake in PotlatchDeltic during the 3rd quarter worth about $257,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on PCH shares. 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 research note on Monday, January 6th. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. Citigroup lowered their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Finally, BMO Capital Markets upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price objective on the stock in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.71.

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Insider Activity at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction that occurred on 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. The trade was a 7.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was 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 in the company, valued at $1,241,558.82. The trade was a 4.46 % 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 worth $834,770 in the last three months. Insiders own 1.00% of the company's stock.

PotlatchDeltic Stock Performance

NASDAQ PCH traded down $0.10 during trading on Thursday, reaching $44.02. The company's stock had a trading volume of 413,955 shares, compared to its average volume of 412,182. The business's fifty day moving average price is $43.50 and its 200-day moving average price is $43.06. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month 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 firm has a market cap of $3.47 billion, a price-to-earnings ratio of 157.21 and a beta of 1.14.

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

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Friday, March 7th. PotlatchDeltic's dividend payout ratio is presently 642.86%.

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.