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

PotlatchDeltic Co. (NASDAQ:PCH)’s share price hit a new 52-week low during trading 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.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PCH shares. Royal Bank of Canada reaffirmed 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 reduced their price target on PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, PotlatchDeltic presently has an average rating of “Hold” and a consensus price target of $51.33.

PotlatchDeltic Stock Performance

The company has a current ratio of 1.44, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $45.26 and its 200 day moving average price is $45.89. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 54.82 and a beta of 1.15.

PotlatchDeltic Dividend Announcement

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

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,968 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 31,864 shares in the company, valued at $1,438,340.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Michele Tyler sold 3,968 shares of the firm’s stock in a transaction that occurred 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 directly owns 31,864 shares of the company’s stock, valued at $1,438,340.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Wayne Wasechek sold 1,565 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the completion of the sale, the chief financial officer now directly owns 21,247 shares of the company’s stock, valued at $958,877.11. The disclosure for this sale can be found here. Insiders sold a total of 23,124 shares of company stock worth $1,043,626 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of PotlatchDeltic

Several hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp increased its stake in PotlatchDeltic by 1.2% during the 3rd quarter. M&T Bank Corp now owns 57,353 shares of the real estate investment trust’s stock worth $2,603,000 after acquiring an additional 658 shares during the period. Planned Solutions Inc. bought a new position in PotlatchDeltic during the 4th quarter worth $60,000. Victory Capital Management Inc. increased its stake in PotlatchDeltic by 16.8% during the 3rd quarter. Victory Capital Management Inc. now owns 151,074 shares of the real estate investment trust’s stock worth $6,857,000 after acquiring an additional 21,696 shares during the period. Mackenzie Financial Corp increased its stake in PotlatchDeltic by 78.5% during the 3rd quarter. Mackenzie Financial Corp now owns 9,387 shares of the real estate investment trust’s stock worth $421,000 after acquiring an additional 4,127 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in PotlatchDeltic by 109.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 17,058 shares of the real estate investment trust’s stock worth $774,000 after acquiring an additional 8,915 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

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.