PotlatchDeltic (NASDAQ:PCH) Sets New 52-Week Low at $41.11

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.11 and last traded at $41.17, with a volume of 490989 shares traded. The stock had previously closed at $42.42.

Wall Street Analyst Weigh In

PCH has been the topic of several research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $48.00 price objective on shares of PotlatchDeltic in a research note on Wednesday, January 31st. Truist Financial cut their price target on PotlatchDeltic from $51.00 to $49.00 and set a "hold" rating on the stock in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average target price of $51.33.

PotlatchDeltic Stock Down 2.9 %

The company has a market capitalization of $3.27 billion, a PE ratio of 53.47 and a beta of 1.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.44. The company's 50-day moving average is $45.19 and its 200 day moving average is $45.86.

PotlatchDeltic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $0.45 dividend. 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 Activity at PotlatchDeltic

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 transaction of $179,115.52. Following the transaction, the vice president now directly owns 31,864 shares of the company's stock, valued at $1,438,340.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Eric J. Cremers sold 17,591 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 $793,881.83. Following the sale, the chief executive officer now owns 241,111 shares in the company, valued at $10,881,339.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Michele Tyler sold 3,968 shares of PotlatchDeltic stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 31,864 shares of the company's stock, valued at approximately $1,438,340.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,124 shares of company stock valued at $1,043,626. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PotlatchDeltic

Several hedge funds and other institutional investors have recently modified their holdings of PCH. Radnor Capital Management LLC bought a new position in shares of PotlatchDeltic in the 1st quarter worth approximately $404,000. BTC Capital Management Inc. bought a new position in PotlatchDeltic in the first quarter worth approximately $277,000. Congress Asset Management Co. MA raised its position in PotlatchDeltic by 0.3% in the fourth quarter. Congress Asset Management Co. MA now owns 162,366 shares of the real estate investment trust's stock worth $7,972,000 after acquiring an additional 502 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of PotlatchDeltic by 3.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 226,287 shares of the real estate investment trust's stock worth $11,111,000 after acquiring an additional 8,178 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of PotlatchDeltic by 10.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 85,773 shares of the real estate investment trust's stock valued at $4,211,000 after acquiring an additional 8,142 shares during the period. 86.06% of the stock is owned by institutional investors.

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.