Xponance Inc. Has $420,000 Stock Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Xponance Inc. boosted its position in PotlatchDeltic Co. (NASDAQ:PCH) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,706 shares of the real estate investment trust’s stock after acquiring an additional 446 shares during the quarter. Xponance Inc.’s holdings in PotlatchDeltic were worth $420,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. EagleClaw Capital Managment LLC grew its holdings in shares of 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 valued at $2,442,000 after purchasing an additional 300 shares during the last quarter. Fiduciary Counselling Inc. grew its stake in shares of PotlatchDeltic by 0.5% during the fourth quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust’s stock worth $4,581,000 after buying an additional 607 shares during the last quarter. Stephens Inc. AR increased its holdings 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 worth $314,000 after buying an additional 662 shares in the last quarter. FMR LLC lifted its stake in shares of PotlatchDeltic by 20.4% in the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 733 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings 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 acquiring an additional 818 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Trading Up 0.5 %

PCH opened at $44.48 on Thursday. The stock has a market cap of $3.50 billion, a PE ratio of 158.86 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. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $48.12. The company has a fifty day moving average of $44.61 and a 200-day moving average of $43.20.

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, 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%. On average, sell-side analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.05%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

Insiders Place Their Bets

In other news, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.82, for a total transaction of $57,952.26. Following the transaction, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Michele Tyler sold 3,170 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.72, for a total value of $141,762.40. Following the completion of the sale, the vice president now directly owns 39,446 shares of the company’s stock, valued at $1,764,025.12. The trade was a 7.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,651 shares of company stock worth $834,770. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PCH. Citigroup lowered their target price 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 objective for the company in a research note on Monday, December 23rd. BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Friday, December 6th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Truist Financial cut their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Two equities 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, PotlatchDeltic has an average rating of “Moderate Buy” and a consensus target price 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.