Insider Selling: PotlatchDeltic Co. (NASDAQ:PCH) CFO Sells 1,293 Shares of Stock

PotlatchDeltic Co. (NASDAQ:PCH) CFO Wayne Wasechek sold 1,293 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.82, for a total transaction of $57,952.26. Following the completion of the transaction, the chief financial officer now directly owns 27,701 shares in the company, valued at $1,241,558.82. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

PotlatchDeltic Stock Performance

PCH traded down $0.15 during trading on Tuesday, hitting $44.64. The stock had a trading volume of 405,428 shares, compared to its average volume of 443,360. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $47.65. The firm has a market capitalization of $3.52 billion, a P/E ratio of 159.43 and a beta of 1.17. The company’s 50-day moving average price is $41.66 and its 200 day moving average price is $42.60.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. On average, equities research analysts forecast that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

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

Hedge Funds Weigh In On PotlatchDeltic

Institutional investors and hedge funds have recently made changes to their positions in the stock. MQS Management LLC acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth $771,000. TCW Group Inc. acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth $1,923,000. Quest Partners LLC boosted its position in shares of PotlatchDeltic by 872.1% in the 3rd quarter. Quest Partners LLC now owns 20,997 shares of the real estate investment trust’s stock worth $946,000 after buying an additional 18,837 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of PotlatchDeltic by 4,404.9% in the 3rd quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock worth $905,000 after buying an additional 19,646 shares in the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of PotlatchDeltic in the 3rd quarter worth about $781,000. 86.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PCH shares. Raymond James raised shares of 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday, October 30th. Citigroup cut their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, January 15th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, DA Davidson reissued a “buy” rating and issued a $53.00 price objective on shares of PotlatchDeltic in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.