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

PotlatchDeltic Co. (NASDAQ:PCH) CEO Eric J. Cremers sold 14,188 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was 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 in the company, valued at approximately $12,583,513.08. This trade represents a 4.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

PotlatchDeltic Price Performance

PCH opened at $44.21 on Thursday. PotlatchDeltic Co. has a 12-month low of $37.06 and a 12-month high of $47.65. 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 current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $41.67 and a two-hundred day simple moving average of $42.61.

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 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%. Research analysts predict that PotlatchDeltic Co. will post 0.8 earnings per share for the current fiscal year.

PotlatchDeltic Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PCH. DA Davidson reiterated a “buy” rating and set a $53.00 target price on shares of PotlatchDeltic in a report on Tuesday, January 28th. Truist Financial dropped their price objective on PotlatchDeltic from $45.00 to $44.00 and set a “hold” rating for the company in a report on Monday, January 6th. Raymond James raised PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $45.00 target price on the stock in a research note on Monday, December 23rd. StockNews.com raised PotlatchDeltic from a “sell” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $48.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of PotlatchDeltic in the fourth quarter worth $217,145,000. Charles Schwab Investment Management Inc. raised its position in shares of PotlatchDeltic by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust’s stock worth $60,554,000 after purchasing an additional 70,745 shares during the last quarter. Adelante Capital Management LLC boosted its stake in PotlatchDeltic by 3,486.3% in 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 in the last quarter. JPMorgan Chase & Co. grew its position in PotlatchDeltic by 27.2% during the 4th 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. Finally, Wellington Management Group LLP increased its stake in PotlatchDeltic by 2.3% during 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 purchasing an additional 23,975 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

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.