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 dated Monday, February 10th. The stock was sold at an average price of $44.72, for a total transaction of $141,762.40. Following the transaction, the vice president now directly owns 39,446 shares in the company, valued at $1,764,025.12. The trade was a 7.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

PotlatchDeltic Price Performance

Shares of NASDAQ PCH opened at $44.64 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08. The firm has a market capitalization of $3.52 billion, a PE ratio of 159.43 and a beta of 1.17. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $47.65. The business’s fifty day moving average price is $41.66 and its two-hundred day moving average price is $42.60.

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, topping 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%. On average, research analysts expect that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid 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%.

Hedge Funds Weigh In On PotlatchDeltic

Several hedge funds and other institutional investors have recently made changes to their positions in PCH. Fifth Third Bancorp grew its position in PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 818 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of PotlatchDeltic during the 3rd quarter worth about $166,000. KBC Group NV lifted its stake in shares of PotlatchDeltic by 67.3% in the 4th quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after acquiring an additional 1,483 shares during the period. FMR LLC boosted its holdings in shares of PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after acquiring an additional 733 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of PotlatchDeltic during the third quarter valued at approximately $219,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PCH shares. Raymond James raised 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. Truist Financial reduced their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $50.00 target price on shares of PotlatchDeltic in a research note on Wednesday, October 30th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Finally, DA Davidson reaffirmed a “buy” rating and issued a $53.00 price target on shares of PotlatchDeltic in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.