PotlatchDeltic Co. (NASDAQ:PCH) VP Ashlee Townsend Cribb Sells 4,114 Shares

PotlatchDeltic Co. (NASDAQ:PCH) VP Ashlee Townsend Cribb sold 4,114 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $43.11, for a total value of $177,354.54. Following the completion of the sale, the vice president now directly owns 29,039 shares in the company, valued at approximately $1,251,871.29. The sale was disclosed in a legal filing with the SEC, which is available through this link.

PotlatchDeltic Price Performance

PotlatchDeltic stock traded up $1.82 on Tuesday, reaching $45.16. The company’s stock had a trading volume of 642,434 shares, compared to its average volume of 429,109. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.42. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 77.46, a PEG ratio of 9.83 and a beta of 1.12. The business’s fifty day moving average price is $40.85 and its 200 day moving average price is $43.31. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $53.72.

PotlatchDeltic (NASDAQ:PCH) last released its earnings results on Monday, July 29th. The real estate investment trust reported $0.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.17. The company had revenue of $320.70 million during the quarter, compared to the consensus estimate of $305.01 million. PotlatchDeltic had a return on equity of 0.74% and a net margin of 4.58%. The firm’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. Equities analysts expect that PotlatchDeltic Co. will post 0.22 earnings per share for the current fiscal year.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.80 dividend on an annualized basis and a yield of 3.99%. PotlatchDeltic’s dividend payout ratio is presently 315.80%.

Institutional Investors Weigh In On PotlatchDeltic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in PotlatchDeltic by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 27,287 shares of the real estate investment trust’s stock valued at $1,340,000 after purchasing an additional 395 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of PotlatchDeltic by 0.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 106,448 shares of the real estate investment trust’s stock worth $5,005,000 after acquiring an additional 413 shares in the last quarter. M&T Bank Corp increased its holdings in shares of PotlatchDeltic by 0.7% in the fourth quarter. M&T Bank Corp now owns 57,776 shares of the real estate investment trust’s stock worth $2,836,000 after acquiring an additional 423 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of PotlatchDeltic by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 22,800 shares of the real estate investment trust’s stock worth $1,072,000 after acquiring an additional 500 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of PotlatchDeltic by 2.6% in the first quarter. State of Michigan Retirement System now owns 19,531 shares of the real estate investment trust’s stock worth $918,000 after acquiring an additional 500 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on PCH. Truist Financial reduced their price objective on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th. Royal Bank of Canada raised PotlatchDeltic from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $45.00 to $46.00 in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, PotlatchDeltic currently has a consensus rating of “Hold” and an average target price of $44.00.

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.