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

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

PotlatchDeltic Stock Down 0.3 %

PCH stock opened at $44.64 on Wednesday. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 159.43 and a beta of 1.17. The company has a 50-day moving average of $41.66 and a two-hundred day moving average of $42.60. PotlatchDeltic Co. has a 52-week low of $37.06 and a 52-week high of $47.65. 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 earnings results 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%. As a group, equities research analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is currently 642.86%.

Hedge Funds Weigh In On PotlatchDeltic

Several large investors have recently bought and sold shares of PCH. Adelante Capital Management LLC increased its holdings 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 period. Heitman Real Estate Securities LLC bought a new stake in PotlatchDeltic in the 3rd quarter valued at $8,153,000. Ceredex Value Advisors LLC acquired a new position in shares of PotlatchDeltic in the 3rd quarter valued at $7,884,000. JPMorgan Chase & Co. lifted its holdings in shares of PotlatchDeltic by 22.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 900,447 shares of the real estate investment trust’s stock worth $40,565,000 after acquiring an additional 163,774 shares during the period. Finally, NFJ Investment Group LLC bought a new stake in PotlatchDeltic in the third quarter valued at about $5,878,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PCH has been the subject of several recent research reports. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research report on Friday, December 6th. DA Davidson restated a “buy” rating and set a $53.00 price target on shares of PotlatchDeltic in a report on Tuesday, January 28th. Citigroup decreased their price objective on shares of 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 set a $50.00 target price on shares of PotlatchDeltic in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.