PotlatchDeltic Co. (NASDAQ:PCH) Given Consensus Recommendation of “Hold” by Brokerages

PotlatchDeltic Co. (NASDAQ:PCH) has received an average rating of “Hold” from the three ratings firms that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $51.33.

A number of equities research analysts have recently commented on PCH shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $48.00 price objective on shares of PotlatchDeltic in a research report on Wednesday, January 31st. Truist Financial cut their price objective on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, January 31st.

Insider Buying and Selling at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 17,591 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.13, for a total value of $793,881.83. Following the transaction, the chief executive officer now directly owns 241,111 shares of the company’s stock, valued at approximately $10,881,339.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other PotlatchDeltic 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 transaction of $179,115.52. Following the transaction, the vice president now owns 31,864 shares of the company’s stock, valued at approximately $1,438,340.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 transaction of $793,881.83. Following 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. Over the last ninety days, insiders have sold 23,124 shares of company stock valued at $1,043,626. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of PotlatchDeltic

Large investors have recently made changes to their positions in the company. Manchester Capital Management LLC increased its position in shares of PotlatchDeltic by 2,132.0% in the 3rd quarter. Manchester Capital Management LLC now owns 558 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 533 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in shares of PotlatchDeltic during the 3rd quarter worth about $28,000. Fifth Third Bancorp boosted its stake in shares of PotlatchDeltic by 43.8% during the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 305 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of PotlatchDeltic during the 4th quarter worth about $60,000. Finally, VitalStone Financial LLC boosted its stake in shares of PotlatchDeltic by 109.6% during the 3rd quarter. VitalStone Financial LLC now owns 3,608 shares of the real estate investment trust’s stock worth $163,000 after buying an additional 1,887 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.

PotlatchDeltic Stock Performance

Shares of PCH stock opened at $41.45 on Wednesday. The business has a 50 day simple moving average of $44.91 and a 200 day simple moving average of $45.75. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.14. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 53.83 and a beta of 1.15. PotlatchDeltic has a 12-month low of $40.55 and a 12-month high of $54.44.

PotlatchDeltic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Thursday, March 7th. PotlatchDeltic’s payout ratio is 233.77%.

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.