Moors & Cabot Inc. Purchases 1,327 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Moors & Cabot Inc. increased its position in PotlatchDeltic Co. (NASDAQ:PCH) by 10.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,106 shares of the real estate investment trust’s stock after acquiring an additional 1,327 shares during the quarter. Moors & Cabot Inc.’s holdings in PotlatchDeltic were worth $554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in PotlatchDeltic by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust’s stock worth $60,554,000 after purchasing an additional 70,745 shares during the last quarter. Adelante Capital Management LLC boosted its holdings in shares of PotlatchDeltic by 3,486.3% in the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock worth $51,684,000 after buying an additional 1,115,272 shares during the last quarter. JPMorgan Chase & Co. grew its position in PotlatchDeltic by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after buying an additional 163,774 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in PotlatchDeltic by 29.2% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 308,946 shares of the real estate investment trust’s stock valued at $13,918,000 after buying an additional 69,887 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in PotlatchDeltic by 34.0% during 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 buying an additional 76,924 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Insider Buying and Selling at PotlatchDeltic

In other news, VP Michele Tyler sold 3,170 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the sale, the vice president now directly owns 39,446 shares of the company’s stock, valued at $1,764,025.12. This represents a 7.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the transaction, 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. In the last ninety days, insiders have sold 18,651 shares of company stock worth $834,770. Insiders own 1.00% of the company’s stock.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $45.01 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $48.12. The business has a 50-day moving average price of $43.71 and a 200-day moving average price of $43.08. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 160.75 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last posted 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%. As a group, equities research analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid 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 yield of 4.00%. PotlatchDeltic’s payout ratio is 642.86%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PCH shares. DA Davidson set a $54.00 price objective 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 target price on the stock in a research report on Friday, December 6th. Truist Financial reduced their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 23rd. Two investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $48.71.

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.