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

PotlatchDeltic Co. (NASDAQ:PCH) VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares in the company, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

PotlatchDeltic Stock Down 0.3 %

Shares of NASDAQ:PCH opened at $44.64 on Wednesday. The firm has a 50 day simple moving average of $41.66 and a 200 day simple moving average of $42.60. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 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 company has a market cap of $3.52 billion, a PE ratio of 159.43 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 (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, research analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $0.45 per share. 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 presently 642.86%.

Wall Street Analysts Forecast Growth

PCH has been the subject of several research reports. DA Davidson restated a “buy” rating and set a $53.00 price objective on shares of PotlatchDeltic in a research report on Tuesday, January 28th. Truist Financial reduced their target price 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. Citigroup dropped their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Finally, Raymond James upgraded 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, PotlatchDeltic currently has an average rating of “Moderate Buy” and an average target price of $48.57.

Hedge Funds Weigh In On PotlatchDeltic

Several institutional investors and hedge funds have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its holdings in shares of PotlatchDeltic by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust’s stock worth $60,554,000 after acquiring an additional 70,745 shares in the last quarter. Adelante Capital Management LLC grew its stake in PotlatchDeltic by 3,486.3% in the third quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock valued at $51,684,000 after purchasing an additional 1,115,272 shares in the last quarter. JPMorgan Chase & Co. increased its position in PotlatchDeltic by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock worth $40,565,000 after purchasing an additional 163,774 shares during the last quarter. Sei Investments Co. raised its stake 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 in the last quarter. Finally, Curi RMB Capital LLC lifted its holdings in shares of PotlatchDeltic by 0.5% during the 3rd quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock valued at $15,122,000 after buying an additional 1,578 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

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.