Inceptionr LLC Has $288,000 Position in PotlatchDeltic Co. (NASDAQ:PCH)

Inceptionr LLC cut its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 69.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,335 shares of the real estate investment trust’s stock after selling 16,393 shares during the period. Inceptionr LLC’s holdings in PotlatchDeltic were worth $288,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in shares of PotlatchDeltic by 259.7% during the fourth 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 during the period. Systematic Financial Management LP purchased a new stake in shares of PotlatchDeltic in the third quarter worth approximately $166,000. KBC Group NV lifted its stake in PotlatchDeltic by 67.3% during the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 1,483 shares in the last quarter. FMR LLC boosted its holdings in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 733 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of PotlatchDeltic in the 3rd quarter worth approximately $257,000. 86.06% of the stock is owned by institutional investors.

PotlatchDeltic Stock Up 0.1 %

PotlatchDeltic stock opened at $46.28 on Monday. The firm has a 50 day simple moving average of $43.15 and a 200 day simple moving average of $43.02. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $48.12. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 165.29 and a beta of 1.14.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating 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%. On average, analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current 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. This represents a $1.80 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is presently 642.86%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. DA Davidson set a $54.00 target price on PotlatchDeltic in a research note on Wednesday, January 29th. Citigroup reduced their target price 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. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research note on Friday, December 6th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a research report on Monday, December 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, PotlatchDeltic presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.71.

Insider Transactions at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 14,188 shares of the company’s stock in a transaction on Monday, February 10th. The shares were 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 represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic 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 directly owns 27,701 shares of the company’s stock, valued at $1,241,558.82. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,651 shares of company stock valued at $834,770. 2.00% 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.