MGO One Seven LLC Grows Stake in PotlatchDeltic Co. (NASDAQ:PCH)

MGO One Seven LLC lifted its position in PotlatchDeltic Co. (NASDAQ:PCH) by 18.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,887 shares of the real estate investment trust’s stock after purchasing an additional 1,377 shares during the period. MGO One Seven LLC’s holdings in PotlatchDeltic were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp lifted its position in 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 purchasing an additional 818 shares in the last quarter. Sterling Capital Management LLC lifted its position in 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 purchasing an additional 2,227 shares in the last quarter. GeoWealth Management LLC purchased a new position in PotlatchDeltic during the fourth quarter valued at $131,000. KBC Group NV lifted its position in PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 1,483 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in PotlatchDeltic during the fourth quarter valued at $150,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Eric J. Cremers sold 14,188 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the sale, the chief executive officer now owns 281,133 shares in the company, valued at approximately $12,583,513.08. This represents a 4.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the sale, the chief financial officer now owns 27,701 shares in the company, valued at $1,241,558.82. The trade was a 4.46 % 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 worth $834,770. 1.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

PCH has been the topic of several analyst reports. Citigroup lowered their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. DA Davidson set a $54.00 price target on PotlatchDeltic in a report on Wednesday, January 29th. Truist Financial decreased their price target on PotlatchDeltic from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com raised 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.43.

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $39.44 on Tuesday. 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 1-year low of $36.82 and a 1-year high of $48.12. The business has a 50 day simple moving average of $43.04 and a two-hundred day simple moving average of $42.53. The stock has a market capitalization of $3.11 billion, a PE ratio of 140.86 and a beta of 1.12.

PotlatchDeltic (NASDAQ:PCH) last posted its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a return on equity of 1.05% and a net margin of 2.06%. On average, research analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given 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 4.56%. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

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.