PotlatchDeltic Co. (NASDAQ:PCH) Stock Position Decreased by Kennedy Capital Management LLC

Kennedy Capital Management LLC decreased its position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,262 shares of the real estate investment trust's stock after selling 21,997 shares during the period. Kennedy Capital Management LLC owned 0.17% of PotlatchDeltic worth $5,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted 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 valued at $195,000 after acquiring an additional 733 shares during the period. Captrust Financial Advisors acquired a new position in shares of PotlatchDeltic in the third quarter valued at approximately $366,000. Y Intercept Hong Kong Ltd acquired a new position in shares of PotlatchDeltic in the third quarter valued at approximately $558,000. Public Employees Retirement System of Ohio increased its stake in PotlatchDeltic by 7.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 85,248 shares of the real estate investment trust's stock worth $3,840,000 after buying an additional 6,251 shares during the period. Finally, Barclays PLC lifted its holdings in PotlatchDeltic by 147.7% during the 3rd quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust's stock worth $7,378,000 after buying an additional 97,655 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.

Insider Activity

In related news, CFO Wayne Wasechek sold 1,293 shares of the firm's 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 transaction, the chief financial officer now directly owns 27,701 shares in the company, valued at $1,241,558.82. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 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 worth $834,770 over the last 90 days. Company insiders own 1.00% of the company's stock.

PotlatchDeltic Trading Up 2.6 %

Shares of PCH stock traded up $0.99 during trading hours on Friday, hitting $39.73. 794,262 shares of the company were exchanged, compared to its average volume of 445,676. PotlatchDeltic Co. has a 1 year low of $36.82 and a 1 year high of $48.12. The firm has a fifty day moving average of $43.77 and a 200 day moving average of $42.76. The firm has a market cap of $3.13 billion, a PE ratio of 141.89 and a beta of 1.12. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last posted its quarterly 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 return on equity of 1.05% and a net margin of 2.06%. Analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.53%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's dividend payout ratio (DPR) is 642.86%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PCH. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a research note on Wednesday, January 29th. Truist Financial dropped their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Raymond James raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a research report on Monday, December 23rd. Finally, Citigroup dropped 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, PotlatchDeltic has a consensus rating of "Moderate Buy" and an average target price of $48.71.

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.