PotlatchDeltic Co. (NASDAQ:PCH) VP Sells $177,354.54 in Stock

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

PotlatchDeltic Price Performance

Shares of NASDAQ PCH opened at $43.18 on Friday. PotlatchDeltic Co. has a twelve month low of $37.06 and a twelve month high of $52.13. The stock’s 50 day moving average price is $40.90 and its 200-day moving average price is $43.30. The company has a market capitalization of $3.43 billion, a PE ratio of 75.76, a PEG ratio of 109.23 and a beta of 1.12. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

PotlatchDeltic (NASDAQ:PCH) last announced 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. PotlatchDeltic had a return on equity of 1.14% and a net margin of 3.45%. The firm had revenue of $320.70 million for the quarter, compared to the consensus estimate of $305.01 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s revenue was up 30.3% compared to the same quarter last year. On average, equities analysts anticipate that PotlatchDeltic Co. will post 0.05 EPS for the current year.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a $0.45 dividend. The ex-dividend date was Friday, June 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.17%. PotlatchDeltic’s payout ratio is presently 315.80%.

Hedge Funds Weigh In On PotlatchDeltic

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in PotlatchDeltic by 0.5% in the first quarter. Vanguard Group Inc. now owns 11,736,374 shares of the real estate investment trust’s stock valued at $551,844,000 after purchasing an additional 57,237 shares during the last quarter. Norges Bank purchased a new position in PotlatchDeltic in the fourth quarter valued at approximately $150,557,000. Westwood Holdings Group Inc. lifted its stake in PotlatchDeltic by 10.3% in the first quarter. Westwood Holdings Group Inc. now owns 1,606,131 shares of the real estate investment trust’s stock valued at $75,520,000 after purchasing an additional 149,920 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in PotlatchDeltic by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,363,897 shares of the real estate investment trust’s stock valued at $66,967,000 after purchasing an additional 53,349 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in PotlatchDeltic by 19.2% in the first quarter. Janus Henderson Group PLC now owns 1,316,743 shares of the real estate investment trust’s stock valued at $61,913,000 after purchasing an additional 212,121 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on PCH. StockNews.com lowered PotlatchDeltic from a “hold” rating to a “sell” rating in a report on Thursday. Truist Financial decreased their price objective on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating for the company in a report on Tuesday, July 16th. Finally, Royal Bank of Canada boosted their price objective on PotlatchDeltic from $46.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, PotlatchDeltic presently has an average rating of “Hold” and a consensus target price of $46.00.

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.