Insider Selling: PotlatchDeltic Co. (NASDAQ:PCH) VP Sells 3,170 Shares of Stock

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 value of $141,762.40. Following the completion of the sale, the vice president now owns 39,446 shares of the company’s stock, valued at $1,764,025.12. This trade represents a 7.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

PotlatchDeltic Stock Down 1.0 %

PotlatchDeltic stock opened at $44.21 on Thursday. The company has a fifty day simple moving average of $41.67 and a 200 day simple moving average of $42.61. 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 has a market cap of $3.48 billion, a P/E ratio of 157.89 and a beta of 1.17.

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 return on equity of 1.05% and a net margin of 2.06%. Research analysts anticipate that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.07%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s payout ratio is presently 642.86%.

Analyst Ratings Changes

A number of analysts recently issued reports on PCH shares. DA Davidson reissued a “buy” rating and set a $53.00 target price on shares of PotlatchDeltic in a research note on Tuesday, January 28th. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price objective for the company in a research report on Monday, December 23rd. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Friday, December 6th. Citigroup lowered their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price target on shares of PotlatchDeltic in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, PotlatchDeltic has a consensus rating of “Moderate Buy” and an average price target of $48.57.

Hedge Funds Weigh In On PotlatchDeltic

Hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank bought a new stake in PotlatchDeltic during the fourth quarter worth $217,145,000. Adelante Capital Management LLC increased its stake in shares of PotlatchDeltic by 3,486.3% during the 3rd quarter. Adelante Capital Management LLC now owns 1,147,262 shares of the real estate investment trust’s stock worth $51,684,000 after purchasing an additional 1,115,272 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of PotlatchDeltic by 27.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,145,473 shares of the real estate investment trust’s stock valued at $44,960,000 after purchasing an additional 245,026 shares during the period. Heitman Real Estate Securities LLC bought a new stake in shares of PotlatchDeltic in the 3rd quarter valued at about $8,153,000. Finally, Ceredex Value Advisors LLC bought a new position in PotlatchDeltic during the third quarter worth about $7,884,000. 86.06% of the stock is owned by institutional investors.

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.