Curi RMB Capital LLC Has $13.17 Million Holdings in PotlatchDeltic Co. (NASDAQ:PCH)

Curi RMB Capital LLC decreased its stake in shares of PotlatchDeltic Co. (NASDAQ:PCH) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 335,408 shares of the real estate investment trust’s stock after selling 263 shares during the period. Curi RMB Capital LLC’s holdings in PotlatchDeltic were worth $13,165,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PCH. GeoWealth Management LLC acquired a new stake in PotlatchDeltic in the fourth quarter worth $131,000. Capital Square LLC grew its stake in shares of PotlatchDeltic by 0.8% in the 4th quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust’s stock valued at $1,711,000 after buying an additional 337 shares during the period. Farringdon Capital Ltd. bought a new stake in PotlatchDeltic in the 4th quarter valued at about $232,000. Zacks Investment Management acquired a new position in PotlatchDeltic during the 4th quarter worth approximately $454,000. Finally, Ceredex Value Advisors LLC boosted its holdings in PotlatchDeltic by 90.6% in the fourth quarter. Ceredex Value Advisors LLC now owns 333,500 shares of the real estate investment trust’s stock worth $13,090,000 after acquiring an additional 158,500 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Stock Performance

PCH stock opened at $39.73 on Friday. The business has a 50 day moving average of $43.67 and a 200-day moving average of $42.73. The firm has a market cap of $3.13 billion, a PE ratio of 141.89 and a beta of 1.12. PotlatchDeltic Co. has a 12-month low of $36.82 and a 12-month high of $48.12. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (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%. As a group, sell-side analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The business 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend was Friday, March 7th. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, CEO Eric J. Cremers sold 14,188 shares of the company’s stock in a transaction that occurred on 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 SEC, which can be accessed through this hyperlink. Also, CFO Wayne Wasechek sold 1,293 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 27,701 shares of the company’s stock, 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. In the last quarter, insiders have sold 18,651 shares of company stock valued at $834,770. 1.00% of the stock is owned by company 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.