PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC trimmed its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 15.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 43,552 shares of the real estate investment trust’s stock after selling 8,064 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in PotlatchDeltic were worth $1,709,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. EagleClaw Capital Managment LLC increased its holdings in shares of PotlatchDeltic by 0.5% during the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust’s stock worth $2,442,000 after buying an additional 300 shares during the last quarter. Fiduciary Counselling Inc. increased its holdings in shares of PotlatchDeltic by 0.5% during the 4th quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust’s stock worth $4,581,000 after buying an additional 607 shares during the last quarter. Stephens Inc. AR increased its holdings in shares of PotlatchDeltic by 9.0% during the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 662 shares during the last quarter. FMR LLC increased its holdings in shares of PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 shares during the last quarter. Finally, Rock Point Advisors LLC increased its holdings in shares of PotlatchDeltic by 0.8% during the 3rd quarter. Rock Point Advisors LLC now owns 108,071 shares of the real estate investment trust’s stock worth $4,869,000 after buying an additional 805 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PCH. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Truist Financial dropped their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. Citigroup decreased their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a research report on Wednesday, January 29th. Finally, 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 research report on Monday, December 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.71.

Insider Transactions at PotlatchDeltic

In other news, VP Michele Tyler sold 3,170 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the transaction, the chief financial officer now directly owns 27,701 shares in the company, valued at $1,241,558.82. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,651 shares of company stock valued at $834,770. Insiders own 2.00% of the company’s stock.

PotlatchDeltic Stock Performance

NASDAQ:PCH opened at $45.73 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The firm has a 50-day moving average of $43.82 and a two-hundred day moving average of $43.10. The stock has a market cap of $3.60 billion, a P/E ratio of 163.32 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) last posted its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share 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%. On average, research analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently declared 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 is Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 3.94%. PotlatchDeltic’s payout ratio is 642.86%.

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.