10,789 Shares in PotlatchDeltic Co. (NASDAQ:PCH) Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,789 shares of the real estate investment trust's stock, valued at approximately $423,000.

A number of other hedge funds have also made changes to their positions in PCH. Fifth Third Bancorp raised its holdings in PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock worth $44,000 after acquiring an additional 818 shares during the period. KBC Group NV increased its stake in shares of PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock worth $145,000 after purchasing an additional 1,483 shares during the period. Systematic Financial Management LP acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth about $166,000. FMR LLC boosted its stake 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 purchasing an additional 733 shares during the period. Finally, Paloma Partners Management Co bought a new position in PotlatchDeltic in the 3rd quarter worth approximately $284,000. Institutional investors and hedge funds own 86.06% of the company's stock.

PotlatchDeltic Price Performance

Shares of PCH stock traded down $2.15 during trading hours on Friday, hitting $40.38. The company had a trading volume of 735,434 shares, compared to its average volume of 437,134. PotlatchDeltic Co. has a 12 month low of $37.06 and a 12 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's fifty day moving average is $44.86 and its 200 day moving average is $43.18. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 144.21 and a beta of 1.12.

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 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%. On average, sell-side analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.46%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's dividend 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 shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the sale, the chief executive officer now owns 281,133 shares in the company, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the company'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 transaction 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,651 shares of company stock valued at $834,770. 2.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. 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. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. Truist Financial reduced their target price 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 on the stock in a research note on Wednesday, January 15th. Finally, StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, PotlatchDeltic has an average rating of "Moderate Buy" and a consensus target price 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.