Proficio Capital Partners LLC Takes Position in PotlatchDeltic Co. (NASDAQ:PCH)

Proficio Capital Partners LLC acquired a new position in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,879 shares of the real estate investment trust's stock, valued at approximately $741,000.

A number of other institutional investors also recently bought and sold shares of the stock. Victory Capital Management Inc. raised its position in shares of PotlatchDeltic by 91.2% during the 4th quarter. Victory Capital Management Inc. now owns 41,976 shares of the real estate investment trust's stock valued at $1,648,000 after purchasing an additional 20,022 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in PotlatchDeltic by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock valued at $60,554,000 after acquiring an additional 70,745 shares during the period. Fisher Asset Management LLC lifted its position in shares of PotlatchDeltic by 34.0% in the fourth quarter. Fisher Asset Management LLC now owns 302,959 shares of the real estate investment trust's stock valued at $11,891,000 after acquiring an additional 76,924 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of PotlatchDeltic by 17.3% in the fourth quarter. New York State Common Retirement Fund now owns 271,698 shares of the real estate investment trust's stock worth $10,664,000 after acquiring an additional 40,058 shares during the period. Finally, Peregrine Capital Management LLC boosted its stake in shares of PotlatchDeltic by 34.5% in the fourth quarter. Peregrine Capital Management LLC now owns 136,782 shares of the real estate investment trust's stock worth $5,369,000 after acquiring an additional 35,102 shares during the period. 86.06% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

PCH has been the topic of a number of research analyst reports. Raymond James raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a report on Monday, December 23rd. Citigroup dropped their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. DA Davidson set a $54.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 29th. 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 research report on Friday, December 6th. 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $48.71.

PotlatchDeltic Trading Down 2.1 %

NASDAQ PCH traded down $0.95 during trading on Tuesday, hitting $44.27. The stock had a trading volume of 563,714 shares, compared to its average volume of 411,200. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $48.12. The stock has a 50 day simple moving average of $44.54 and a 200 day simple moving average of $43.20. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 158.11 and a beta of 1.14. 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 issued its quarterly 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%. Sell-side analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.07%. PotlatchDeltic's dividend payout ratio (DPR) is 642.86%.

Insider Activity

In other news, CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.82, for a total transaction of $57,952.26. Following the completion of the sale, the chief financial officer now owns 27,701 shares of the company's stock, valued at approximately $1,241,558.82. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michele Tyler sold 3,170 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total value 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. The trade was a 7.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,651 shares of company stock valued at $834,770. 2.00% of the stock is currently owned by company insiders.

PotlatchDeltic Company 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.