PotlatchDeltic Co. (NASDAQ:PCH) Receives Average Rating of "Hold" from Analysts

Shares of PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report) have been assigned an average recommendation of "Hold" from the three research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued a report on the stock in the last year is $51.33.

A number of analysts have commented on the stock. 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 research report on Wednesday, January 31st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $48.00 price target on shares of PotlatchDeltic in a research report on Wednesday, January 31st.

Insider Buying and Selling at PotlatchDeltic

In other news, CEO Eric J. Cremers sold 17,591 shares of the stock in a transaction that occurred 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Wayne Wasechek sold 1,565 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $70,628.45. Following the completion of the transaction, the chief financial officer now directly owns 21,247 shares of the company's stock, valued at approximately $958,877.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric J. Cremers sold 17,591 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $45.13, for a total transaction of $793,881.83. Following the completion of the transaction, the chief executive officer now directly owns 241,111 shares of the company's stock, valued at $10,881,339.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,124 shares of company stock worth $1,043,626. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

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

PotlatchDeltic Trading Down 2.9 %

Shares of PotlatchDeltic stock traded down $1.25 during trading on Wednesday, hitting $41.17. The company's stock had a trading volume of 491,094 shares, compared to its average volume of 420,466. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.14. PotlatchDeltic has a 52 week low of $41.10 and a 52 week high of $54.44. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 53.47 and a beta of 1.15. The stock has a 50-day moving average price of $45.19 and a two-hundred day moving average price of $45.86.

PotlatchDeltic Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 4.37%. PotlatchDeltic's dividend payout ratio (DPR) 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.