3,326 Shares in PotlatchDeltic Co. (NASDAQ:PCH) Acquired by GeoWealth Management LLC

GeoWealth Management LLC acquired a new stake in PotlatchDeltic Co. (NASDAQ:PCH) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,326 shares of the real estate investment trust’s stock, valued at approximately $131,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in PotlatchDeltic by 259.7% during 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 in the last quarter. Sterling Capital Management LLC raised its stake in shares of PotlatchDeltic by 806.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust’s stock worth $98,000 after acquiring an additional 2,227 shares during the last quarter. KBC Group NV lifted its position in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,483 shares in the last quarter. Farringdon Capital Ltd. bought a new stake in shares of PotlatchDeltic during the fourth quarter valued at approximately $232,000. Finally, Mariner LLC increased its holdings in shares of PotlatchDeltic by 33.8% in the fourth quarter. Mariner LLC now owns 6,718 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 1,698 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

PotlatchDeltic Stock Performance

Shares of PCH stock opened at $39.05 on Friday. The stock has a market cap of $3.07 billion, a PE ratio of 139.46 and a beta of 1.12. The stock has a 50-day moving average of $43.26 and a 200-day moving average of $42.59. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. PotlatchDeltic Co. has a one year low of $36.82 and a one year high of $48.12.

PotlatchDeltic (NASDAQ:PCH) last posted 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 net margin of 2.06% and a return on equity of 1.05%. As a group, sell-side analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $0.45 dividend. The ex-dividend date was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.61%. PotlatchDeltic’s payout ratio is 642.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PCH shares. DA Davidson set a $54.00 price objective on PotlatchDeltic in a research report on Wednesday, January 29th. Citigroup decreased their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Truist Financial dropped their price objective on PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $48.43.

Insiders Place Their Bets

In related news, VP Michele Tyler sold 3,170 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 39,446 shares of the company’s stock, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.76, for a total value 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. This trade represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,651 shares of company stock worth $834,770 over the last ninety days. 1.00% of the stock is currently owned by corporate 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.