Jump Financial LLC Cuts Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

Jump Financial LLC cut its position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 34.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,231 shares of the real estate investment trust's stock after selling 11,860 shares during the quarter. Jump Financial LLC's holdings in PotlatchDeltic were worth $873,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Fifth Third Bancorp raised its stake in PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 818 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of PotlatchDeltic by 806.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock valued at $98,000 after acquiring an additional 2,227 shares in the last quarter. KBC Group NV raised its position in shares of PotlatchDeltic by 67.3% in the 4th 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 last quarter. Mariner LLC grew its position in PotlatchDeltic by 33.8% during the 4th quarter. Mariner LLC now owns 6,718 shares of the real estate investment trust's stock worth $264,000 after purchasing an additional 1,698 shares during the last quarter. Finally, Stephens Inc. AR grew its position in PotlatchDeltic by 9.0% during the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust's stock worth $314,000 after purchasing an additional 662 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

PotlatchDeltic Stock Down 3.6 %

PCH stock opened at $38.31 on Tuesday. The firm's fifty day moving average is $43.56 and its 200 day moving average is $42.67. The firm has a market cap of $3.02 billion, a PE ratio of 136.82 and a beta of 1.12. PotlatchDeltic Co. has a one year low of $36.82 and a one 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.

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

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's dividend payout ratio is presently 642.86%.

Analyst Upgrades and Downgrades

PCH has been the subject of several research reports. Truist Financial lowered their price objective 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. Citigroup lowered their price target on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. Finally, Raymond James raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research report on Monday, December 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $48.71.

Insider Buying and Selling at PotlatchDeltic

In other news, VP Michele Tyler sold 3,170 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the completion of the sale, the vice president now owns 39,446 shares of the company's stock, valued at $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the transaction, the chief executive officer now directly owns 281,133 shares in the company, valued at approximately $12,583,513.08. This represents a 4.80 % decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 1.00% 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.

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