Bridgewater Associates LP Invests $1.44 Million in PotlatchDeltic Co. (NASDAQ:PCH)

Bridgewater Associates LP acquired a new stake in PotlatchDeltic Co. (NASDAQ:PCH) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 36,639 shares of the real estate investment trust’s stock, valued at approximately $1,438,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PCH. FMR LLC grew its holdings in PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 733 shares during the last quarter. Barclays PLC lifted its position in PotlatchDeltic by 147.7% during the 3rd quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust’s stock worth $7,378,000 after acquiring an additional 97,655 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in PotlatchDeltic by 22.2% during the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after acquiring an additional 163,774 shares during the period. Empirical Asset Management LLC bought a new position in shares of PotlatchDeltic in the fourth quarter worth about $1,773,000. Finally, Procyon Advisors LLC lifted its position in shares of 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 purchasing an additional 2,511 shares during the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.

PotlatchDeltic Trading Up 2.6 %

Shares of PCH stock opened at $39.73 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. The firm has a fifty day moving average of $43.67 and a 200-day moving average of $42.73. PotlatchDeltic Co. has a 52-week low of $36.82 and a 52-week high of $48.12. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 141.89 and a beta of 1.12.

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

PotlatchDeltic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.53%. The ex-dividend date was Friday, March 7th. PotlatchDeltic’s dividend payout ratio is 642.86%.

Analysts Set New Price Targets

A number of research firms have issued reports on PCH. DA Davidson set a $54.00 target price on PotlatchDeltic in a report on Wednesday, January 29th. Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research note on Monday, December 23rd. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Citigroup decreased their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, Truist Financial cut their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, PotlatchDeltic has an average rating of “Moderate Buy” and an average target price of $48.71.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic 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 of the company’s stock, valued at approximately $12,583,513.08. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michele Tyler sold 3,170 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly 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 disclosure for this sale can be found here. Insiders have sold 18,651 shares of company stock worth $834,770 over the last three months. Company insiders own 1.00% of the company’s stock.

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.