Michele Tyler Sells 3,170 Shares of PotlatchDeltic Co. (NASDAQ:PCH) Stock

PotlatchDeltic Co. (NASDAQ:PCH) VP Michele Tyler sold 3,170 shares of the company’s stock in a transaction on Monday, February 10th. The shares were 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 in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

PotlatchDeltic Stock Down 1.0 %

NASDAQ:PCH opened at $44.21 on Thursday. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 157.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49. The stock’s fifty day moving average price is $41.67 and its two-hundred day moving average price is $42.61. PotlatchDeltic Co. has a 52-week low of $37.06 and a 52-week high of $47.65.

PotlatchDeltic (NASDAQ:PCH) last issued its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) 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%. On average, analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current year.

PotlatchDeltic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is 642.86%.

Hedge Funds Weigh In On PotlatchDeltic

Several large investors have recently bought and sold shares of the business. ExodusPoint Capital Management LP lifted its stake in PotlatchDeltic by 219.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 48,568 shares of the real estate investment trust’s stock valued at $1,906,000 after buying an additional 33,379 shares during the period. Headlands Technologies LLC increased its stake in shares of PotlatchDeltic by 239.5% in the 4th quarter. Headlands Technologies LLC now owns 11,542 shares of the real estate investment trust’s stock valued at $453,000 after acquiring an additional 8,142 shares during the last quarter. Wellington Management Group LLP raised its position in shares of PotlatchDeltic by 2.3% in the 4th quarter. Wellington Management Group LLP now owns 1,061,497 shares of the real estate investment trust’s stock valued at $41,664,000 after acquiring an additional 23,975 shares during the period. New Age Alpha Advisors LLC bought a new position in PotlatchDeltic during the 4th quarter worth approximately $423,000. Finally, Norges Bank acquired a new position in PotlatchDeltic during the fourth quarter valued at approximately $217,145,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PCH has been the subject of a number of recent analyst reports. Truist Financial dropped 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. 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 report on Monday, December 23rd. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. DA Davidson reaffirmed a “buy” rating and set a $53.00 price target on shares of PotlatchDeltic in a report on Tuesday, January 28th. Finally, Citigroup reduced their price objective on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.