PotlatchDeltic (NASDAQ:PCH) Reaches New 12-Month Low - Here's Why

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $36.85 and last traded at $37.19, with a volume of 105578 shares changing hands. The stock had previously closed at $38.22.

Analysts Set New Price Targets

Several research analysts have weighed in on PCH shares. Raymond James upgraded shares of PotlatchDeltic from a "market perform" rating to an "outperform" rating and set a $45.00 price target on the stock in a research report on Monday, December 23rd. StockNews.com upgraded PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. DA Davidson set a $54.00 price target on PotlatchDeltic in a report on Wednesday, January 29th. Citigroup lowered their price objective on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Finally, Truist Financial reduced their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a "hold" rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $48.71.

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PotlatchDeltic Price Performance

The firm has a 50 day moving average of $44.22 and a 200-day moving average of $42.90. 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 company has a market cap of $3.10 billion, a P/E ratio of 140.50 and a beta of 1.12.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last released its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 predict that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's dividend payout ratio (DPR) is presently 642.86%.

Insider Activity

In related news, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $44.72, for a total transaction of $141,762.40. Following the completion of the transaction, the vice president now directly owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eric J. Cremers sold 14,188 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were 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 in the company, valued at approximately $12,583,513.08. This represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,651 shares of company stock worth $834,770 over the last 90 days. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of PotlatchDeltic

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its holdings in PotlatchDeltic by 20.4% during the 3rd 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. Y Intercept Hong Kong Ltd purchased a new position in shares of PotlatchDeltic during the third quarter worth approximately $558,000. Public Employees Retirement System of Ohio raised its stake in shares of PotlatchDeltic by 7.9% during the third quarter. Public Employees Retirement System of Ohio now owns 85,248 shares of the real estate investment trust's stock valued at $3,840,000 after acquiring an additional 6,251 shares in the last quarter. Barclays PLC boosted its holdings in shares of PotlatchDeltic by 147.7% in the third quarter. Barclays PLC now owns 163,784 shares of the real estate investment trust's stock valued at $7,378,000 after purchasing an additional 97,655 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in PotlatchDeltic by 22.2% in the third quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust's stock worth $40,565,000 after purchasing an additional 163,774 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors.

PotlatchDeltic Company Profile

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.