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

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

PotlatchDeltic Stock Performance

NASDAQ PCH opened at $44.21 on Thursday. The business’s 50-day simple moving average is $41.67 and its 200-day simple moving average is $42.61. The firm has a market capitalization of $3.48 billion, a P/E ratio of 157.89 and a beta of 1.17. PotlatchDeltic Co. has a 1-year low of $37.06 and a 1-year high of $47.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.49 and a quick ratio of 1.08.

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

PotlatchDeltic Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PCH. Fifth Third Bancorp lifted its holdings in PotlatchDeltic by 259.7% in the 4th quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 818 shares in the last quarter. KBC Group NV increased its position 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 worth $145,000 after acquiring an additional 1,483 shares during the last quarter. Systematic Financial Management LP acquired a new position in shares of PotlatchDeltic in the third quarter worth about $166,000. FMR LLC boosted its holdings in PotlatchDeltic by 20.4% in the third quarter. FMR LLC now owns 4,329 shares of the real estate investment trust’s stock valued at $195,000 after purchasing an additional 733 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new stake in PotlatchDeltic during the 3rd quarter valued at approximately $219,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. DA Davidson reissued a “buy” rating and set a $53.00 price target on shares of PotlatchDeltic in a research note on Tuesday, January 28th. Citigroup reduced their target price on PotlatchDeltic from $52.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. StockNews.com upgraded PotlatchDeltic from a “sell” rating to a “hold” rating in a report on Friday, January 31st. BMO Capital Markets raised shares of PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a research note on Friday, December 6th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 target price on shares of PotlatchDeltic in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $48.57.

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.