PotlatchDeltic Co. (NASDAQ:PCH) VP Sells $141,762.40 in Stock

PotlatchDeltic Co. (NASDAQ:PCH) VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.72, for a total value of $141,762.40. Following the completion of the sale, the vice president now 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

PotlatchDeltic Price Performance

PCH traded down $0.15 during trading on Tuesday, reaching $44.64. 405,428 shares of the company were exchanged, compared to its average volume of 443,360. The company’s 50-day moving average is $41.66 and its two-hundred day moving average is $42.60. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $47.65. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 159.43 and a beta of 1.17. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

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

PotlatchDeltic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $0.45 dividend. The ex-dividend date is Friday, March 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.03%. PotlatchDeltic’s payout ratio is currently 642.86%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PCH. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a report on Friday, December 6th. Truist Financial lowered their target price on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price for the company in a report on Monday, December 23rd. Citigroup lowered their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.57.

Institutional Trading of PotlatchDeltic

Several institutional investors and hedge funds have recently modified their holdings of PCH. Charles Schwab Investment Management Inc. raised its holdings in shares of PotlatchDeltic by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust’s stock valued at $60,554,000 after buying an additional 70,745 shares in the last quarter. Adelante Capital Management LLC raised its holdings in shares of PotlatchDeltic by 3,486.3% during the 3rd quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock valued at $51,684,000 after buying an additional 1,115,272 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of PotlatchDeltic by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock valued at $40,565,000 after buying an additional 163,774 shares in the last quarter. Sei Investments Co. raised its holdings in shares of PotlatchDeltic by 26.5% during the 4th quarter. Sei Investments Co. now owns 384,893 shares of the real estate investment trust’s stock valued at $15,107,000 after buying an additional 80,580 shares in the last quarter. Finally, Curi RMB Capital LLC raised its holdings in shares of PotlatchDeltic by 0.5% during the 3rd quarter. Curi RMB Capital LLC now owns 335,671 shares of the real estate investment trust’s stock valued at $15,122,000 after buying an additional 1,578 shares in the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

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.