Fox Run Management L.L.C. Boosts Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Fox Run Management L.L.C. grew its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 204.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,717 shares of the real estate investment trust’s stock after buying an additional 15,249 shares during the quarter. Fox Run Management L.L.C.’s holdings in PotlatchDeltic were worth $892,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PCH. Fifth Third Bancorp increased its stake in PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 818 shares during the period. KBC Group NV increased its stake in shares of PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,483 shares during the period. Systematic Financial Management LP bought a new stake in PotlatchDeltic during the 3rd quarter valued at $166,000. FMR LLC boosted 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 valued at $195,000 after buying an additional 733 shares during the period. Finally, Paloma Partners Management Co bought a new stake in PotlatchDeltic in the 3rd quarter worth $284,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Insider Activity

In other news, CEO Eric J. Cremers sold 14,188 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the transaction, the chief executive officer now directly owns 281,133 shares in the company, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the company’s 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 completion of the transaction, the chief financial officer now owns 27,701 shares in the company, valued at approximately $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 ninety days, insiders sold 18,651 shares of company stock worth $834,770. Insiders own 2.00% of the company’s stock.

PotlatchDeltic Price Performance

Shares of PCH stock opened at $44.52 on Friday. The business’s fifty day moving average is $44.34 and its 200 day moving average is $43.16. 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 has a market cap of $3.51 billion, a price-to-earnings ratio of 159.00 and a beta of 1.14. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $48.12.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping 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%. Research analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The firm also recently announced 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 4.04%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is 642.86%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PCH shares. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. 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. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Monday, December 23rd. DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th. Finally, Citigroup cut their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.71.

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.