PotlatchDeltic (NASDAQ:PCH) Hits New 12-Month Low at $41.11

PotlatchDeltic Co. (NASDAQ:PCH) hit a new 52-week low on Wednesday . The company traded as low as $41.11 and last traded at $41.17, with a volume of 490989 shares changing hands. The stock had previously closed at $42.42.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PCH shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $48.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 31st. Truist Financial lowered their price target on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, PotlatchDeltic presently has a consensus rating of “Hold” and a consensus target price of $51.33.

PotlatchDeltic Stock Performance

The stock has a market capitalization of $3.27 billion, a P/E ratio of 54.82 and a beta of 1.15. The stock has a 50 day moving average of $45.26 and a 200 day moving average of $45.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.44.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.37%. PotlatchDeltic’s payout ratio is currently 233.77%.

Insider Buying and Selling

In other PotlatchDeltic news, CEO Eric J. Cremers sold 17,591 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $793,881.83. Following the completion of the transaction, the chief executive officer now owns 241,111 shares in the company, valued at approximately $10,881,339.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Michele Tyler sold 3,968 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.14, for a total value of $179,115.52. Following the completion of the sale, the vice president now owns 31,864 shares in the company, valued at $1,438,340.96. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric J. Cremers sold 17,591 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $793,881.83. Following the completion of the sale, the chief executive officer now owns 241,111 shares of the company’s stock, valued at approximately $10,881,339.43. The disclosure for this sale can be found here. Insiders sold a total of 23,124 shares of company stock worth $1,043,626 in the last three months. 1.00% of the stock is owned by insiders.

Institutional Trading of PotlatchDeltic

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of PotlatchDeltic by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 18,464 shares of the real estate investment trust’s stock valued at $976,000 after purchasing an additional 214 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in PotlatchDeltic by 0.5% during the first quarter. Rockefeller Capital Management L.P. now owns 42,770 shares of the real estate investment trust’s stock valued at $2,117,000 after buying an additional 220 shares during the period. Glenmede Trust Co. NA raised its position in PotlatchDeltic by 5.2% during the third quarter. Glenmede Trust Co. NA now owns 5,356 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 265 shares during the period. Windward Capital Management Co. CA raised its position in PotlatchDeltic by 0.4% during the fourth quarter. Windward Capital Management Co. CA now owns 72,976 shares of the real estate investment trust’s stock valued at $3,583,000 after buying an additional 269 shares during the period. Finally, Fifth Third Bancorp raised its position in PotlatchDeltic by 43.8% during the third quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 305 shares during the period. Institutional investors and hedge funds 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.