MGO One Seven LLC Raises Position in PotlatchDeltic Co. (NASDAQ:PCH)

MGO One Seven LLC increased its holdings in PotlatchDeltic Co. (NASDAQ:PCH) by 18.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,887 shares of the real estate investment trust’s stock after purchasing an additional 1,377 shares during the quarter. MGO One Seven LLC’s holdings in PotlatchDeltic were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust’s stock worth $44,960,000 after acquiring an additional 245,026 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in PotlatchDeltic by 4.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 162,135 shares of the real estate investment trust’s stock worth $6,364,000 after acquiring an additional 7,567 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of PotlatchDeltic by 4.8% during the 4th 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 purchasing an additional 70,745 shares in the last quarter. Stephens Inc. AR increased its position in shares of PotlatchDeltic by 9.0% during the fourth quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock valued at $314,000 after buying an additional 662 shares during the period. Finally, New York State Common Retirement Fund raised its stake in 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 buying an additional 40,058 shares in the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. DA Davidson set a $54.00 price objective on PotlatchDeltic in a research report on Wednesday, January 29th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Citigroup decreased their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, Truist Financial decreased their target price on PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PotlatchDeltic has an average rating of “Moderate Buy” and a consensus target price of $48.43.

Insider Activity at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of the stock in a transaction 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 in the company, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their position. 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 on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the sale, the chief financial officer now owns 27,701 shares in the company, valued at approximately $1,241,558.82. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,651 shares of company stock valued at $834,770 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

PotlatchDeltic Stock Up 0.9 %

PCH stock opened at $39.44 on Tuesday. PotlatchDeltic Co. has a twelve month low of $36.82 and a twelve month high of $48.12. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.11 billion, a PE ratio of 140.86 and a beta of 1.12. The business has a 50 day moving average of $43.04 and a 200 day moving average of $42.53.

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 return on equity of 1.05% and a net margin of 2.06%. On average, research analysts forecast that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

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.