Wayne Wasechek Sells 1,293 Shares of PotlatchDeltic Co. (NASDAQ:PCH) Stock

PotlatchDeltic Co. (NASDAQ:PCH) CFO Wayne Wasechek sold 1,293 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.82, for a total value of $57,952.26. Following the sale, the chief financial officer now directly owns 27,701 shares of the company’s stock, valued at $1,241,558.82. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

PotlatchDeltic Stock Down 1.0 %

Shares of NASDAQ PCH opened at $44.21 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $41.67 and a 200 day moving average price of $42.61. PotlatchDeltic Co. has a 52 week low of $37.06 and a 52 week high of $47.65. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 157.89 and a beta of 1.17.

PotlatchDeltic (NASDAQ:PCH) last posted its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.10. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. Equities research analysts anticipate that PotlatchDeltic Co. will post 0.8 EPS for the current fiscal year.

PotlatchDeltic Announces Dividend

The company also recently announced 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 yield of 4.07%. The ex-dividend date of this dividend is Friday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is 642.86%.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on PCH. Citigroup cut their price target on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. BMO Capital Markets upgraded 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 note on Friday, December 6th. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. Raymond James raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Monday, December 23rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $53.00 price objective on shares of PotlatchDeltic in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.