Xponance Inc. Has $563,000 Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

Xponance Inc. cut its position in PotlatchDeltic Co. (NASDAQ:PCH) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,461 shares of the real estate investment trust’s stock after selling 1,188 shares during the period. Xponance Inc.’s holdings in PotlatchDeltic were worth $563,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PCH. Louisiana State Employees Retirement System acquired a new stake in PotlatchDeltic in the fourth quarter valued at approximately $1,095,000. M&T Bank Corp grew its position in PotlatchDeltic by 1.2% in the 3rd quarter. M&T Bank Corp now owns 57,353 shares of the real estate investment trust’s stock valued at $2,603,000 after purchasing an additional 658 shares during the period. Planned Solutions Inc. acquired a new position in PotlatchDeltic during the fourth quarter worth $60,000. Victory Capital Management Inc. lifted its stake in shares of PotlatchDeltic by 16.8% in the third quarter. Victory Capital Management Inc. now owns 151,074 shares of the real estate investment trust’s stock valued at $6,857,000 after buying an additional 21,696 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of PotlatchDeltic by 78.5% during the third quarter. Mackenzie Financial Corp now owns 9,387 shares of the real estate investment trust’s stock valued at $421,000 after buying an additional 4,127 shares during the last quarter. 86.06% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Wayne Wasechek sold 1,565 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the transaction, the chief financial officer now directly owns 21,247 shares of the company’s stock, valued at approximately $958,877.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other PotlatchDeltic news, CFO Wayne Wasechek sold 1,565 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $70,628.45. Following the completion of the transaction, the chief financial officer now directly owns 21,247 shares of the company’s stock, valued at $958,877.11. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric J. Cremers sold 17,591 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $793,881.83. Following the completion of the sale, the chief executive officer now owns 241,111 shares in the company, valued at $10,881,339.43. The disclosure for this sale can be found here. Insiders sold a total of 23,124 shares of company stock valued at $1,043,626 in the last ninety days. 2.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on PCH. Truist Financial dropped their price target on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $48.00 target price on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, PotlatchDeltic currently has an average rating of “Hold” and a consensus target price of $51.33.

PotlatchDeltic Price Performance

Shares of NASDAQ PCH opened at $41.05 on Friday. The company has a market capitalization of $3.26 billion, a PE ratio of 53.31 and a beta of 1.15. The company has a quick ratio of 1.14, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $44.70 and its 200-day moving average price is $45.65. PotlatchDeltic Co. has a twelve month low of $40.47 and a twelve month high of $54.44.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were paid a $0.45 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.38%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 233.77%.

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.