PotlatchDeltic Co. (NASDAQ:PCH) CEO Sells $635,054.88 in Stock

PotlatchDeltic Co. (NASDAQ:PCH) CEO Eric J. Cremers sold 14,188 shares of the business’s 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

PotlatchDeltic Trading Down 0.3 %

Shares of PCH stock traded down $0.15 on Tuesday, hitting $44.64. 405,428 shares of the stock traded hands, compared to its average volume of 443,360. The firm’s 50-day moving average price is $41.66 and its two-hundred day moving average price is $42.60. 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 stock has a market capitalization of $3.52 billion, a PE ratio of 159.43 and a beta of 1.17. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $47.65.

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

PotlatchDeltic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $0.45 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.03%. PotlatchDeltic’s payout ratio is currently 642.86%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Fifth Third Bancorp lifted its position in PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 818 shares during the last quarter. KBC Group NV lifted its position in PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 1,483 shares during the last quarter. Systematic Financial Management LP acquired a new position in PotlatchDeltic in the third quarter valued at about $166,000. FMR LLC lifted its position in PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 733 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new position in PotlatchDeltic in the third quarter valued at about $219,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on PCH. Truist Financial cut their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a report on Friday, December 6th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 23rd. Citigroup dropped their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $48.57.

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.