Natural Investments LLC Takes $370,000 Position in PotlatchDeltic Co. (NASDAQ:PCH)

Natural Investments LLC acquired a new stake in PotlatchDeltic Co. (NASDAQ:PCH) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,450 shares of the real estate investment trust’s stock, valued at approximately $370,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. EagleClaw Capital Managment LLC increased its holdings in 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 purchasing an additional 300 shares during the period. Saturna Capital Corp boosted its position in shares of PotlatchDeltic by 3.7% in the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 356 shares during the period. Fiduciary Counselling Inc. lifted its position in 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 acquiring an additional 607 shares during the period. Stephens Inc. AR lifted its position in 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 acquiring an additional 662 shares during the period. Finally, FMR LLC lifted its position in 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 acquiring an additional 733 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Insider Activity at PotlatchDeltic

In other PotlatchDeltic 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 owns 39,446 shares in the company, valued at $1,764,025.12. This represents a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Wayne Wasechek sold 1,293 shares of the company’s stock in a transaction that occurred 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 $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 sold 18,651 shares of company stock valued at $834,770. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup reduced their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Raymond James raised 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. Truist Financial dropped 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, BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research report on Friday, December 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.71.

PotlatchDeltic Price Performance

PCH stock opened at $44.90 on Wednesday. PotlatchDeltic Co. has a 52-week low of $37.06 and a 52-week high of $48.12. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 160.36 and a beta of 1.14. 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 stock’s fifty day simple moving average is $43.41 and its 200-day simple moving average is $43.06.

PotlatchDeltic (NASDAQ:PCH) last issued its earnings results 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%. Equities research analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

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