Mariner LLC Grows Stock Position in PotlatchDeltic Co. (NASDAQ:PCH)

Mariner LLC lifted its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 33.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,718 shares of the real estate investment trust’s stock after acquiring an additional 1,698 shares during the period. Mariner LLC’s holdings in PotlatchDeltic were worth $264,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp boosted 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 in the last quarter. Sterling Capital Management LLC grew its holdings in shares of PotlatchDeltic by 806.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust’s stock valued at $98,000 after buying an additional 2,227 shares during the last quarter. KBC Group NV increased its position in shares of PotlatchDeltic by 67.3% in 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 during the period. Stephens Inc. AR raised its stake in PotlatchDeltic by 9.0% in the 4th quarter. Stephens Inc. AR now owns 7,995 shares of the real estate investment trust’s stock worth $314,000 after acquiring an additional 662 shares during the last quarter. Finally, Procyon Advisors LLC lifted its position in PotlatchDeltic by 37.3% during the 4th quarter. Procyon Advisors LLC now owns 9,241 shares of the real estate investment trust’s stock worth $363,000 after acquiring an additional 2,511 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Insider Activity at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 14,188 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the completion of the sale, the chief executive officer now directly owns 281,133 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, VP Michele Tyler sold 3,170 shares of PotlatchDeltic 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 transaction, the vice president now owns 39,446 shares in the company, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,651 shares of company stock valued at $834,770. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PCH shares. Citigroup cut their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Truist Financial cut their price target on shares of PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $48.43.

PotlatchDeltic Price Performance

NASDAQ:PCH opened at $38.62 on Tuesday. 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 capitalization of $3.04 billion, a PE ratio of 137.93 and a beta of 1.16. The stock’s 50-day moving average price is $42.35 and its 200-day moving average price is $42.35. PotlatchDeltic Co. has a 52 week low of $36.82 and a 52 week high of $48.12.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.13. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The company had revenue of $268.26 million during the quarter, compared to analysts’ expectations of $243.68 million. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, equities analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic’s payout ratio is 295.08%.

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.