PotlatchDeltic (NASDAQ:PCH) VP William R. Dereu sold 3,690 shares of PotlatchDeltic stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $51.83, for a total value of $191,252.70. Following the transaction, the vice president now owns 26,895 shares of the company’s stock, valued at $1,393,967.85. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
PCH stock opened at $52.65 on Monday. The firm has a market cap of $2,138.17, a PE ratio of 22.31, a PEG ratio of 3.53 and a beta of 1.31. The company has a debt-to-equity ratio of 2.79, a current ratio of 2.58 and a quick ratio of 1.91. PotlatchDeltic has a 52 week low of $43.15 and a 52 week high of $56.35.
PotlatchDeltic (NASDAQ:PCH) last released its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.06). PotlatchDeltic had a return on equity of 55.47% and a net margin of 12.74%. The firm had revenue of $175.24 million for the quarter, compared to analyst estimates of $170.54 million. analysts forecast that PotlatchDeltic will post 2.98 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Wednesday, March 7th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 3.04%. PotlatchDeltic’s dividend payout ratio (DPR) is 67.80%.
PCH has been the subject of several analyst reports. Zacks Investment Research upgraded PotlatchDeltic from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, December 27th. BidaskClub downgraded PotlatchDeltic from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. Bank of America upgraded PotlatchDeltic from an “underperform” rating to a “neutral” rating and set a $54.00 price target for the company in a report on Tuesday, January 2nd. UBS upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating in a report on Monday, January 8th. Finally, Raymond James Financial upgraded PotlatchDeltic from a “market perform” rating to an “outperform” rating and set a $54.00 price target for the company in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $51.17.
A number of institutional investors have recently made changes to their positions in the stock. OTA Financial Group L.P. purchased a new stake in PotlatchDeltic during the 4th quarter worth $506,000. Xact Kapitalforvaltning AB purchased a new position in PotlatchDeltic in the 4th quarter valued at about $206,000. Brookfield Asset Management Inc. boosted its position in PotlatchDeltic by 138.8% in the 4th quarter. Brookfield Asset Management Inc. now owns 61,600 shares of the real estate investment trust’s stock valued at $3,074,000 after buying an additional 35,800 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in PotlatchDeltic in the 4th quarter valued at about $2,620,000. Finally, MetLife Investment Advisors LLC purchased a new position in PotlatchDeltic in the 4th quarter valued at about $2,165,000. 89.84% of the stock is owned by hedge funds and other institutional investors.
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PotlatchDeltic Company Profile
PotlatchDeltic Corporation (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland land sales program.
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