Insider Selling: PotlatchDeltic Co. (NASDAQ:PCH) CEO Sells $635,054.88 in Stock

PotlatchDeltic Co. (NASDAQ:PCH) CEO Eric J. Cremers sold 14,188 shares of the firm’s stock in a transaction dated 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 owns 281,133 shares in the company, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

PotlatchDeltic Trading Up 0.2 %

Shares of PotlatchDeltic stock opened at $44.30 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. PotlatchDeltic Co. has a 1 year low of $37.06 and a 1 year high of $47.65. The company’s fifty day simple moving average is $41.68 and its 200-day simple moving average is $42.62. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 158.21 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Dividend Announcement

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 dividend of $0.45 per share. The ex-dividend date is Friday, March 7th. This represents a $1.80 annualized dividend and a yield of 4.06%. PotlatchDeltic’s dividend payout ratio is 642.86%.

Institutional Trading of PotlatchDeltic

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp increased its position 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 valued at $44,000 after purchasing an additional 818 shares during the period. Sterling Capital Management LLC increased its holdings in PotlatchDeltic by 806.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust’s stock valued at $98,000 after buying an additional 2,227 shares during the period. KBC Group NV increased its holdings in 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 during the period. Systematic Financial Management LP acquired a new position in shares of PotlatchDeltic in the 3rd quarter valued at $166,000. Finally, FMR LLC lifted its holdings in shares of PotlatchDeltic by 20.4% during the 3rd quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after acquiring an additional 733 shares during the period. Institutional investors own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

PCH has been the topic of a number of analyst reports. Truist Financial lowered their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, January 6th. BMO Capital Markets upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a report on Friday, December 6th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a report on Wednesday, October 30th. Finally, Raymond James upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a report on Monday, December 23rd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.