Proficio Capital Partners LLC Takes $741,000 Position in PotlatchDeltic Co. (NASDAQ:PCH)

Proficio Capital Partners LLC bought a new position in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,879 shares of the real estate investment trust's stock, valued at approximately $741,000.

Several other institutional investors also recently bought and sold shares of PCH. Natixis Advisors LLC increased its stake in PotlatchDeltic by 28.6% in the 3rd quarter. Natixis Advisors LLC now owns 20,854 shares of the real estate investment trust's stock worth $939,000 after acquiring an additional 4,633 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in PotlatchDeltic in the third quarter worth $2,162,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in PotlatchDeltic during the third quarter valued at $372,000. Intech Investment Management LLC bought a new position in PotlatchDeltic during the third quarter valued at $781,000. Finally, Cerity Partners LLC grew its stake in shares of PotlatchDeltic by 28.4% in the 3rd quarter. Cerity Partners LLC now owns 22,812 shares of the real estate investment trust's stock worth $1,028,000 after buying an additional 5,049 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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PotlatchDeltic Trading Up 0.5 %

Shares of NASDAQ PCH traded up $0.21 during midday trading on Wednesday, hitting $44.48. The company's stock had a trading volume of 302,491 shares, compared to its average volume of 411,328. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $48.12. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.50 billion, a P/E ratio of 158.86 and a beta of 1.14. The business's 50 day moving average is $44.54 and its two-hundred day moving average is $43.20.

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

PotlatchDeltic Dividend Announcement

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 paid a $0.45 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.05%. PotlatchDeltic's dividend payout ratio is currently 642.86%.

Insider Transactions at PotlatchDeltic

In other news, VP Michele Tyler sold 3,170 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the transaction, the vice president now owns 39,446 shares in the company, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Eric J. Cremers sold 14,188 shares of the company'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 sale, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,651 shares of company stock valued at $834,770. 2.00% of the stock is currently owned by company insiders.

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.