Centiva Capital LP Trims Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Centiva Capital LP lowered its stake in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 27.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,697 shares of the real estate investment trust's stock after selling 12,553 shares during the period. Centiva Capital LP's holdings in PotlatchDeltic were worth $1,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EagleClaw Capital Managment LLC raised its stake in shares of PotlatchDeltic by 0.5% in the fourth quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust's stock worth $2,442,000 after purchasing an additional 300 shares during the last quarter. Capital Square LLC boosted its holdings in PotlatchDeltic by 0.8% in the fourth quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust's stock worth $1,711,000 after purchasing an additional 337 shares during the last quarter. Xponance Inc. lifted its holdings in shares of PotlatchDeltic by 4.3% during the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock valued at $420,000 after buying an additional 446 shares during the period. Quarry LP increased its position in PotlatchDeltic by 224.2% during the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 482 shares during the last quarter. Finally, Fiduciary Counselling Inc. grew its stake in shares of PotlatchDeltic by 0.5% during the 4th quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust's stock valued at $4,581,000 after purchasing an additional 607 shares during the period. Institutional investors own 86.06% of the company's stock.

Analyst Ratings Changes

PCH has been the subject of several recent research reports. Truist Financial cut their target price on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Citigroup decreased their target price on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. Finally, StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $48.43.

PotlatchDeltic Price Performance

Shares of NASDAQ PCH traded up $0.05 during mid-day trading on Friday, reaching $38.20. The company's stock had a trading volume of 695,496 shares, compared to its average volume of 461,108. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. PotlatchDeltic Co. has a 52 week low of $36.82 and a 52 week high of $48.12. The stock has a fifty day moving average of $41.64 and a two-hundred day moving average of $42.23. The firm has a market capitalization of $3.00 billion, a PE ratio of 136.43 and a beta of 1.16.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating 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 business had revenue of $268.26 million during the quarter, compared to analyst estimates of $243.68 million. PotlatchDeltic's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.71%. PotlatchDeltic's payout ratio is 295.08%.

Insider Transactions at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 14,188 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the sale, the chief executive officer now directly owns 281,133 shares in the company, valued at approximately $12,583,513.08. This represents a 4.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Wayne Wasechek sold 1,293 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.82, for a total value of $57,952.26. Following the sale, the chief financial officer now directly owns 27,701 shares in the company, valued at $1,241,558.82. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,651 shares of company stock valued at $834,770. 1.00% of the stock is currently owned by insiders.

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.