PotlatchDeltic (NASDAQ:PCH) Reaches New 12-Month Low at $40.47

Shares of PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $40.47 and last traded at $40.97, with a volume of 97375 shares trading hands. The stock had previously closed at $41.41.

Wall Street Analyst Weigh In

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

PotlatchDeltic Price Performance

The company has a quick ratio of 1.14, a current ratio of 1.44 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3.26 billion, a P/E ratio of 53.30 and a beta of 1.15. The company's 50-day simple moving average is $44.77 and its 200 day simple moving average is $45.69.

PotlatchDeltic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Thursday, March 7th. PotlatchDeltic's dividend payout ratio is 233.77%.

Insiders Place Their Bets

In other PotlatchDeltic news, CEO Eric J. Cremers sold 17,591 shares of the business'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 completion of the sale, the chief executive officer now directly owns 241,111 shares of the company's stock, valued at $10,881,339.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 completion of the sale, the chief executive officer now directly owns 241,111 shares of the company's stock, valued at approximately $10,881,339.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Wayne Wasechek sold 1,565 shares of the company'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 $70,628.45. Following 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 23,124 shares of company stock valued at $1,043,626 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of PotlatchDeltic

Several large investors have recently modified their holdings of the company. Windward Capital Management Co. CA grew its position in PotlatchDeltic by 0.4% in the 4th quarter. Windward Capital Management Co. CA now owns 72,976 shares of the real estate investment trust's stock worth $3,583,000 after purchasing an additional 269 shares during the last quarter. Fifth Third Bancorp grew its position in PotlatchDeltic by 43.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,002 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 305 shares during the last quarter. Arizona State Retirement System grew its position in PotlatchDeltic by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 22,754 shares of the real estate investment trust's stock worth $1,033,000 after purchasing an additional 307 shares during the last quarter. Franklin Resources Inc. grew its position in PotlatchDeltic by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 27,287 shares of the real estate investment trust's stock worth $1,340,000 after purchasing an additional 395 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in PotlatchDeltic by 0.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 106,448 shares of the real estate investment trust's stock worth $5,005,000 after purchasing an additional 413 shares during the last quarter. 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.