PotlatchDeltic Co. (NASDAQ:PCH) CFO Wayne Wasechek Sells 1,293 Shares

PotlatchDeltic Co. (NASDAQ:PCH) CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the sale, the chief financial officer now directly owns 27,701 shares of the company’s stock, valued at $1,241,558.82. This represents a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

PotlatchDeltic Stock Performance

Shares of PCH opened at $44.30 on Friday. The firm has a 50-day moving average of $41.68 and a 200-day moving average of $42.62. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $47.65. The company has a market cap of $3.49 billion, a PE ratio of 158.21 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 (NASDAQ:PCH) last announced its quarterly earnings data on Monday, January 27th. The real estate investment trust reported $0.07 EPS for the quarter, beating analysts’ consensus estimates 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, equities analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. EagleClaw Capital Managment LLC lifted its stake in shares of PotlatchDeltic by 0.5% during the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust’s stock worth $2,442,000 after buying an additional 300 shares during the last quarter. Capital Square LLC lifted its stake in shares of PotlatchDeltic by 0.8% during the 4th quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust’s stock worth $1,711,000 after buying an additional 337 shares during the last quarter. Saturna Capital Corp lifted its stake in shares of PotlatchDeltic by 3.7% during the 3rd quarter. Saturna Capital Corp now owns 10,031 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 356 shares during the last quarter. Xponance Inc. lifted its stake in shares of PotlatchDeltic by 4.3% during the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 446 shares during the last quarter. Finally, Fiduciary Counselling Inc. raised its stake in PotlatchDeltic by 0.5% in the 4th quarter. Fiduciary Counselling Inc. now owns 116,716 shares of the real estate investment trust’s stock worth $4,581,000 after purchasing an additional 607 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research 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 issued a $50.00 target price on shares of PotlatchDeltic in a research report on Wednesday, October 30th. DA Davidson reaffirmed a “buy” rating and issued a $53.00 target price on shares of PotlatchDeltic in a research report on Tuesday, January 28th. Finally, Truist Financial decreased their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, PotlatchDeltic presently has a consensus rating of “Moderate Buy” and an average price target 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.