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 dated Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the sale, the chief executive officer now owns 281,133 shares in the company, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

PotlatchDeltic Stock Down 0.3 %

PotlatchDeltic stock traded down $0.15 during mid-day trading on Tuesday, hitting $44.64. The company had a trading volume of 405,428 shares, compared to its average volume of 443,360. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 159.43 and a beta of 1.17. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $47.65. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The business has a fifty day moving average of $41.66 and a 200 day moving average of $42.60.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings data 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, sell-side analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio is presently 642.86%.

Institutional Investors Weigh In On PotlatchDeltic

Several hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp lifted its holdings 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 acquiring an additional 818 shares during the period. KBC Group NV increased its position in shares of 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 in the last quarter. Systematic Financial Management LP purchased a new position in shares of PotlatchDeltic in the third quarter valued at $166,000. FMR LLC increased its position in shares of 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 in the last quarter. Finally, ZWJ Investment Counsel Inc. purchased a new position in shares of PotlatchDeltic in the third quarter valued at $219,000. 86.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on PCH. Truist Financial cut their price target 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. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. DA Davidson restated a “buy” rating and set a $53.00 target price on shares of PotlatchDeltic in a research note on Tuesday, January 28th. 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 research note on Monday, December 23rd. Finally, BMO Capital Markets upgraded 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. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.