Fox Run Management L.L.C. Buys 15,249 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

Fox Run Management L.L.C. grew its position in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 204.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,717 shares of the real estate investment trust’s stock after acquiring an additional 15,249 shares during the quarter. Fox Run Management L.L.C.’s holdings in PotlatchDeltic were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp grew its stake in shares of PotlatchDeltic by 259.7% during the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 818 shares during the period. KBC Group NV boosted its holdings 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 last quarter. Systematic Financial Management LP bought a new stake in PotlatchDeltic during the third quarter valued at approximately $166,000. FMR LLC increased 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 valued at $195,000 after buying an additional 733 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in PotlatchDeltic in the third quarter worth approximately $284,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, CEO Eric J. Cremers sold 14,188 shares of the firm’s stock in a transaction that occurred 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 owns 281,133 shares in the company, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $141,762.40. Following the sale, the vice president now directly owns 39,446 shares in the company, valued at $1,764,025.12. This trade represents a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,651 shares of company stock worth $834,770. Insiders own 2.00% of the company’s stock.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $44.52 on Friday. The business has a 50-day moving average price of $44.34 and a 200-day moving average price of $43.16. The firm 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. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly 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 return on equity of 1.05% and a net margin of 2.06%. As a group, equities research analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.80 annualized dividend and a yield of 4.04%. PotlatchDeltic’s payout ratio is 642.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PCH shares. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 29th. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Truist Financial decreased their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research note on Monday, December 23rd. Finally, BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a report on Friday, December 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.71.

About PotlatchDeltic

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.