AlphaQuest LLC Cuts Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

AlphaQuest LLC lowered its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 56.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,106 shares of the real estate investment trust's stock after selling 11,891 shares during the quarter. AlphaQuest LLC's holdings in PotlatchDeltic were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in shares of PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 818 shares in the last quarter. Systematic Financial Management LP bought a new stake in PotlatchDeltic during the third quarter worth approximately $166,000. KBC Group NV raised its holdings in PotlatchDeltic by 67.3% during the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust's stock valued at $145,000 after buying an additional 1,483 shares during the period. FMR LLC raised its stake in shares of PotlatchDeltic by 20.4% in the third 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. Finally, Versor Investments LP bought a new stake in PotlatchDeltic in the third quarter worth about $257,000. 86.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PCH has been the subject of a number of research reports. BMO Capital Markets upgraded PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price target for the company in a report on Friday, December 6th. Citigroup lowered their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. DA Davidson set a $54.00 price target on PotlatchDeltic in a research note on Wednesday, January 29th. 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 report on Monday, December 23rd. Finally, StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $48.71.

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Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now owns 281,133 shares of the company's stock, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the completion of the transaction, the chief financial officer now directly owns 27,701 shares in the company, valued at approximately $1,241,558.82. This trade represents a 4.46 % decrease in their position. 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 three months. 2.00% of the stock is owned by corporate insiders.

PotlatchDeltic Price Performance

Shares of PotlatchDeltic stock traded down $0.08 during trading hours on Tuesday, reaching $45.65. 323,377 shares of the company's stock were exchanged, compared to its average volume of 408,004. The business has a fifty day moving average of $43.82 and a two-hundred day moving average of $43.10. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $3.60 billion, a P/E ratio of 163.04 and a beta of 1.14. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $48.12.

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

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic's payout ratio is currently 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.