Schonfeld Strategic Advisors LLC Grows Stake in PotlatchDeltic Co. (NASDAQ:PCH)

Schonfeld Strategic Advisors LLC increased its holdings in PotlatchDeltic Co. (NASDAQ:PCH - Free Report) by 340.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 29,942 shares of the real estate investment trust's stock after buying an additional 23,139 shares during the period. Schonfeld Strategic Advisors LLC's holdings in PotlatchDeltic were worth $1,175,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of PotlatchDeltic in the 4th quarter valued at about $217,145,000. Legal & General Group Plc raised its stake in PotlatchDeltic by 4.0% in the fourth quarter. Legal & General Group Plc now owns 2,498,762 shares of the real estate investment trust's stock valued at $98,076,000 after purchasing an additional 95,485 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in PotlatchDeltic by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock valued at $60,554,000 after purchasing an additional 70,745 shares in the last quarter. Northern Trust Corp lifted its position in PotlatchDeltic by 8.7% during the fourth quarter. Northern Trust Corp now owns 1,233,250 shares of the real estate investment trust's stock valued at $48,405,000 after purchasing an additional 98,914 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust's stock worth $44,960,000 after buying an additional 245,026 shares in the last quarter. Institutional investors own 86.06% of the company's stock.

Insider Buying and Selling

In other news, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the sale, the vice president now owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the transaction, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock valued at $834,770 over the last ninety days. 1.00% of the stock is owned by insiders.

PotlatchDeltic Price Performance

PCH opened at $37.83 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The stock's 50 day simple moving average is $42.00 and its 200 day simple moving average is $42.28. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 135.11 and a beta of 1.16. PotlatchDeltic Co. has a 1 year low of $36.82 and a 1 year high of $48.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. The company had revenue of $268.26 million for the quarter, compared to the consensus estimate of $243.68 million. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. PotlatchDeltic's revenue was up 17.6% on a year-over-year basis. As a group, analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.76%. PotlatchDeltic's dividend payout ratio is currently 295.08%.

Analyst Upgrades and Downgrades

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

PotlatchDeltic Company 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.

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