PotlatchDeltic Co. (NASDAQ:PCH) CFO Sells $57,952.26 in Stock

PotlatchDeltic Co. (NASDAQ:PCH) CFO Wayne Wasechek sold 1,293 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the completion of the transaction, the chief financial officer now directly owns 27,701 shares of the company’s stock, valued at approximately $1,241,558.82. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

PotlatchDeltic Trading Up 0.2 %

Shares of NASDAQ PCH opened at $44.30 on Friday. The company’s 50 day simple moving average is $41.68 and its 200 day simple moving average is $42.62. PotlatchDeltic Co. has a fifty-two week low of $37.06 and a fifty-two week high of $47.65. The firm has a market capitalization of $3.49 billion, a P/E 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 earnings per share for the quarter, beating 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%. On average, analysts predict that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The company also recently announced 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 of this dividend is Friday, March 7th. This represents a $1.80 annualized dividend and a yield of 4.06%. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PCH shares. Truist Financial reduced their target price on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, January 31st. Citigroup reduced their target price on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. 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 research report on Monday, December 23rd. Finally, BMO Capital Markets upgraded shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Friday, December 6th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the 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 Investors Weigh In On PotlatchDeltic

Hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp raised its holdings in PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 818 shares during the period. Sterling Capital Management LLC raised its holdings in PotlatchDeltic by 806.9% in the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 2,227 shares during the period. KBC Group NV raised its holdings in PotlatchDeltic by 67.3% in the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 1,483 shares during the period. Systematic Financial Management LP acquired a new stake in PotlatchDeltic in the third quarter worth $166,000. Finally, FMR LLC raised its holdings in PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock worth $195,000 after purchasing an additional 733 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.

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.