PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) CEO Eric J. Cremers sold 14,188 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.76, for a total value of $635,054.88. Following the transaction, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
PotlatchDeltic Stock Performance
Shares of PCH traded down $0.34 during mid-day trading on Friday, reaching $43.96. The company's stock had a trading volume of 504,960 shares, compared to its average volume of 433,636. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The stock has a market cap of $3.46 billion, a P/E ratio of 157.00 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 business has a 50-day simple moving average of $41.68 and a two-hundred day simple moving average of $42.63.
PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings results 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 net margin of 2.06% and a return on equity of 1.05%. As a group, equities research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.
PotlatchDeltic Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $0.45 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.80 annualized dividend and a yield of 4.09%. PotlatchDeltic's dividend payout ratio (DPR) is presently 642.86%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP lifted its position in shares of PotlatchDeltic by 224.2% during the 4th 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 period. Fifth Third Bancorp raised its stake 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 purchasing an additional 818 shares in the last quarter. Sterling Capital Management LLC grew its stake in PotlatchDeltic by 806.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after buying an additional 2,227 shares in the last quarter. GeoWealth Management LLC acquired a new stake in PotlatchDeltic during the fourth quarter worth about $131,000. Finally, KBC Group NV raised its position in shares of PotlatchDeltic by 67.3% in the 4th 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. 86.06% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have issued reports on PCH. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. DA Davidson reaffirmed a "buy" rating and issued a $53.00 target price on shares of PotlatchDeltic in a research report on Tuesday, January 28th. Truist Financial reduced their price target on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $50.00 price target on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Finally, BMO Capital Markets raised PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $51.00 price objective for the company in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $48.57.
Read Our Latest Stock Analysis on PCH
About PotlatchDeltic
(
Get Free Report)
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.
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