PotlatchDeltic Co. (NASDAQ:PCH) VP Sells $141,762.40 in Stock

PotlatchDeltic Co. (NASDAQ:PCH) VP Michele Tyler sold 3,170 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the sale, the vice president now owns 39,446 shares in the company, valued at $1,764,025.12. The trade was a 7.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

PotlatchDeltic Trading Up 0.2 %

NASDAQ:PCH opened at $44.30 on Friday. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $47.65. The business’s 50-day moving average price is $41.68 and its two-hundred day moving average price is $42.62. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 158.21 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH) last released its 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 return on equity of 1.05% and a net margin of 2.06%. On average, equities analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is currently 642.86%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Truist Financial cut their price target on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a research note on Wednesday, October 30th. DA Davidson reaffirmed a “buy” rating and set a $53.00 price target on shares of PotlatchDeltic in a research note on Tuesday, January 28th. Finally, BMO Capital Markets raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PotlatchDeltic presently has an average rating of “Moderate Buy” and a consensus target price of $48.57.

Institutional Investors Weigh In On PotlatchDeltic

A number of hedge funds have recently modified their holdings of PCH. Fifth Third Bancorp raised its position in shares of PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 818 shares during the period. Sterling Capital Management LLC grew its holdings in shares of 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 worth $98,000 after buying an additional 2,227 shares in the last quarter. KBC Group NV grew its holdings in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,483 shares in the last quarter. Systematic Financial Management LP bought a new position in shares of PotlatchDeltic during the third quarter worth about $166,000. Finally, FMR LLC grew its holdings in shares of PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 733 shares in the last quarter. Institutional investors and hedge funds own 86.06% 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.