Michele Tyler Sells 3,170 Shares of PotlatchDeltic Co. (NASDAQ:PCH) Stock

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) VP Michele Tyler sold 3,170 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. This represents a 7.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

PotlatchDeltic Trading Down 0.8 %

NASDAQ:PCH traded down $0.34 during trading hours 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 firm has a 50-day simple moving average of $41.68 and a 200-day simple moving average of $42.63. 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 1 year low of $37.06 and a 1 year high of $47.65. The firm has a market capitalization 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 earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share 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%. Research analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The company also recently announced 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. This represents a $1.80 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Friday, March 7th. PotlatchDeltic's payout ratio is 642.86%.

Institutional Investors Weigh In On PotlatchDeltic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP grew its holdings in PotlatchDeltic by 224.2% in the 4th quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 482 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of PotlatchDeltic by 259.7% during the fourth 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 grew its stake in shares of PotlatchDeltic by 806.9% in the fourth 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 last quarter. GeoWealth Management LLC purchased a new position in PotlatchDeltic during the 4th quarter valued at about $131,000. Finally, KBC Group NV raised its position in PotlatchDeltic by 67.3% during the 4th 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 last quarter. 86.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on PCH. 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. Truist Financial cut their price objective on PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a report on Monday, January 6th. DA Davidson reaffirmed a "buy" rating and issued a $53.00 target price on shares of PotlatchDeltic in a research note on Tuesday, January 28th. Raymond James raised shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price target for the company in a research note on Monday, December 23rd. Finally, Citigroup lowered their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, PotlatchDeltic currently 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.