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

PotlatchDeltic Co. (NASDAQ:PCH) VP Michele Tyler sold 3,170 shares of the stock in a transaction 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 transaction, the vice president now owns 39,446 shares in the company, valued at $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 available at this link.

PotlatchDeltic Price Performance

NASDAQ:PCH traded down $0.15 during trading hours on Tuesday, hitting $44.64. The company’s stock had a trading volume of 405,428 shares, compared to its average volume of 443,360. The stock has a fifty day simple moving average of $41.66 and a 200-day simple moving average of $42.60. The company has a market capitalization of $3.52 billion, a P/E ratio of 159.43 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data 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%. On average, analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently disclosed 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 yield of 4.03%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

Institutional Trading of PotlatchDeltic

Hedge funds have recently made changes to their positions in the company. MQS Management LLC acquired a new stake in shares of PotlatchDeltic during the third quarter valued at about $771,000. TCW Group Inc. bought a new position in shares of PotlatchDeltic during the third quarter worth about $1,923,000. Quest Partners LLC raised its position in shares of PotlatchDeltic by 872.1% during the third quarter. Quest Partners LLC now owns 20,997 shares of the real estate investment trust’s stock worth $946,000 after acquiring an additional 18,837 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of PotlatchDeltic by 4,404.9% during the third quarter. International Assets Investment Management LLC now owns 20,092 shares of the real estate investment trust’s stock worth $905,000 after acquiring an additional 19,646 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of PotlatchDeltic during the third quarter worth about $781,000. 86.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial lowered their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Raymond James upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective on the stock in a research report on Monday, December 23rd. 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 research report on Friday, December 6th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Finally, DA Davidson restated a “buy” rating and issued a $53.00 price target on shares of PotlatchDeltic in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.57.

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.