PotlatchDeltic Co. (NASDAQ:PCH) CEO Eric J. Cremers Sells 14,188 Shares

PotlatchDeltic Co. (NASDAQ:PCH) CEO Eric J. Cremers sold 14,188 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 281,133 shares in the company, valued at $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 SEC, which is available through this link.

PotlatchDeltic Stock Down 0.3 %

PotlatchDeltic stock opened at $44.64 on Wednesday. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $47.65. 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 50 day moving average price of $41.66 and a 200 day moving average price of $42.60. The company has a market capitalization of $3.52 billion, a PE ratio of 159.43 and a beta of 1.17.

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

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.03%. PotlatchDeltic’s dividend payout ratio (DPR) is 642.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $53.00 target price on shares of PotlatchDeltic in a research note on Tuesday, January 28th. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Friday, December 6th. Citigroup decreased their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada restated an “outperform” rating and set a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Finally, StockNews.com upgraded 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 given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.57.

Hedge Funds Weigh In On PotlatchDeltic

Several institutional investors have recently modified their holdings of PCH. LPL Financial LLC lifted its position in shares of PotlatchDeltic by 3.3% during the 4th quarter. LPL Financial LLC now owns 20,266 shares of the real estate investment trust’s stock worth $795,000 after purchasing an additional 654 shares during the last quarter. Fox Run Management L.L.C. lifted its position in shares of PotlatchDeltic by 204.2% during the 4th quarter. Fox Run Management L.L.C. now owns 22,717 shares of the real estate investment trust’s stock worth $892,000 after purchasing an additional 15,249 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of PotlatchDeltic during the 4th quarter worth $649,000. Sei Investments Co. lifted its position in shares of PotlatchDeltic by 26.5% during the 4th quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust’s stock worth $15,107,000 after purchasing an additional 80,580 shares during the last quarter. Finally, Xponance Inc. lifted its position in shares of PotlatchDeltic by 4.3% during the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 446 shares during 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.