PotlatchDeltic Co. (NASDAQ:PCH) CEO Eric J. Cremers Sells 14,188 Shares

PotlatchDeltic Co. (NASDAQ:PCH) CEO Eric J. Cremers sold 14,188 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the sale, the chief executive officer now directly owns 281,133 shares of the company’s stock, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

PotlatchDeltic Trading Down 0.3 %

Shares of PCH opened at $44.64 on Wednesday. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The firm’s 50-day moving average is $41.66 and its two-hundred day moving average is $42.60. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $47.65. The firm has a market capitalization of $3.52 billion, a P/E ratio of 159.43 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH) last issued its earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, topping 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, research analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

The firm also recently declared 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. This represents a $1.80 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 642.86%.

Wall Street Analyst Weigh In

PCH has been the topic of a number of recent research reports. Truist Financial dropped their price objective on shares of PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $50.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, October 30th. Citigroup dropped their price target on shares of PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. StockNews.com upgraded shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, DA Davidson reiterated a “buy” rating and set a $53.00 price target on shares of PotlatchDeltic in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.57.

Institutional Trading of PotlatchDeltic

Several institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp lifted its stake in shares of PotlatchDeltic by 259.7% during the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 818 shares during the period. KBC Group NV lifted its stake in shares of PotlatchDeltic by 67.3% during the fourth quarter. KBC Group NV now owns 3,685 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 1,483 shares during the period. Systematic Financial Management LP purchased a new position in shares of PotlatchDeltic during the third quarter valued at approximately $166,000. FMR LLC lifted its stake in shares of PotlatchDeltic by 20.4% during the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 733 shares during the period. Finally, ZWJ Investment Counsel Inc. purchased a new position in shares of PotlatchDeltic during the third quarter valued at approximately $219,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

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.