Natural Investments LLC Takes Position in PotlatchDeltic Co. (NASDAQ:PCH)

Natural Investments LLC bought a new stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,450 shares of the real estate investment trust’s stock, valued at approximately $370,000.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp raised its position 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 buying an additional 818 shares during the last quarter. Systematic Financial Management LP purchased a new stake in PotlatchDeltic in the 3rd quarter worth approximately $166,000. KBC Group NV increased its holdings in PotlatchDeltic by 67.3% in the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 1,483 shares in the last quarter. FMR LLC boosted its stake in PotlatchDeltic by 20.4% in the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 733 shares during the period. Finally, Versor Investments LP bought a new position in PotlatchDeltic in the 3rd quarter worth approximately $257,000. Institutional investors own 86.06% of the company’s stock.

Insider Activity at PotlatchDeltic

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of the business’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 transaction, the chief executive officer now owns 281,133 shares of the company’s stock, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Michele Tyler sold 3,170 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares in the company, valued at $1,764,025.12. This trade represents 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 worth $834,770. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

PCH has been the subject of a number of research reports. Truist Financial lowered their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a research report on Monday, December 23rd. DA Davidson set a $54.00 target price on PotlatchDeltic in a research note 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 on the stock in a research note on Friday, December 6th. Finally, Citigroup cut 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, PotlatchDeltic presently has an average rating of “Moderate Buy” and a consensus target price of $48.71.

PotlatchDeltic Price Performance

Shares of NASDAQ PCH opened at $44.90 on Wednesday. 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 company has a market cap of $3.54 billion, a PE ratio of 160.36 and a beta of 1.14. The business has a 50-day simple moving average of $43.41 and a two-hundred day simple moving average of $43.06. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $48.12.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, topping 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%. As a group, equities analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

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.