Wayne Wasechek Sells 1,293 Shares of PotlatchDeltic Co. (NASDAQ:PCH) Stock

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.82, for a total value of $57,952.26. Following the transaction, the chief financial officer now directly owns 27,701 shares of the company's stock, valued at $1,241,558.82. The trade was a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PotlatchDeltic Trading Down 0.8 %

NASDAQ:PCH traded down $0.34 on Friday, hitting $43.96. The stock had a trading volume of 504,960 shares, compared to its average volume of 433,636. The company has a fifty day moving average price of $41.68 and a two-hundred day moving average price of $42.63. 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 stock has a market cap of $3.46 billion, a price-to-earnings ratio of 157.00 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 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%. Equities research analysts expect that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 4.09%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic's payout ratio is 642.86%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Quarry LP increased its position in shares of PotlatchDeltic by 224.2% during the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 482 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of PotlatchDeltic by 259.7% during the 4th 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 boosted its position in shares of PotlatchDeltic by 806.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after purchasing an additional 2,227 shares during the period. GeoWealth Management LLC acquired a new stake in PotlatchDeltic in the 4th quarter valued at approximately $131,000. Finally, KBC Group NV raised its position in 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 purchasing an additional 1,483 shares during the period. Institutional investors and hedge funds own 86.06% of the company's stock.

Wall Street Analyst Weigh In

PCH has been the subject of several recent research reports. StockNews.com raised PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. BMO Capital Markets upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 target price for the company in a research report on Friday, December 6th. Truist Financial lowered their price target on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Raymond James upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price objective for the company in a report on Monday, December 23rd. Finally, Citigroup lowered their target price on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, PotlatchDeltic has a consensus rating of "Moderate Buy" and a consensus 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.