PotlatchDeltic Co. (NASDAQ:PCH) Shares Sold by Jump Financial LLC

Jump Financial LLC lowered its holdings in shares of PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,231 shares of the real estate investment trust's stock after selling 11,860 shares during the quarter. Jump Financial LLC's holdings in PotlatchDeltic were worth $873,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Fifth Third Bancorp raised its stake in shares of PotlatchDeltic by 259.7% during the fourth 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. Sterling Capital Management LLC lifted its holdings in shares of PotlatchDeltic by 806.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after buying an additional 2,227 shares during the period. KBC Group NV lifted its holdings 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 worth $145,000 after buying an additional 1,483 shares during the period. Mariner LLC grew its position in shares of PotlatchDeltic by 33.8% during the 4th quarter. Mariner LLC now owns 6,718 shares of the real estate investment trust's stock worth $264,000 after buying an additional 1,698 shares in the last quarter. Finally, Stephens Inc. AR increased its stake 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 valued at $314,000 after buying an additional 662 shares during the period. Institutional investors own 86.06% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in 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. Citigroup lowered their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. DA Davidson set a $54.00 price objective on shares of PotlatchDeltic in a report on Wednesday, January 29th. Finally, Truist Financial reduced their price objective on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.43.

PotlatchDeltic Stock Up 0.1 %

Shares of PCH traded up $0.03 during midday trading on Friday, hitting $39.08. 504,131 shares of the company's stock traded hands, compared to its average volume of 449,795. PotlatchDeltic Co. has a 1 year low of $36.82 and a 1 year high of $48.12. The firm's fifty day moving average is $43.14 and its 200-day moving average is $42.55. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 139.57 and a beta of 1.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued 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, sell-side analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.61%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's dividend payout ratio is presently 642.86%.

Insider Buying and Selling at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total value of $635,054.88. Following the sale, the chief executive officer now 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Michele Tyler sold 3,170 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. This trade represents a 7.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,651 shares of company stock worth $834,770. 1.00% of the stock is owned by corporate insiders.

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.