PotlatchDeltic (NASDAQ:PCH) Reaches New 52-Week Low - What's Next?

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as $37.61 and last traded at $38.39, with a volume of 843458 shares traded. The stock had previously closed at $38.71.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PCH. Citigroup lowered their price objective on PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. StockNews.com upgraded shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research note on Friday, January 31st. Truist Financial reduced their price objective on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Finally, DA Davidson set a $54.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $48.43.

PotlatchDeltic Trading Down 2.9 %

The stock has a market capitalization of $2.95 billion, a PE ratio of 134.34 and a beta of 1.16. The stock has a 50-day moving average price of $42.35 and a two-hundred day moving average price of $42.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.49.

PotlatchDeltic (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, topping the consensus estimate of $0.20 by $0.13. PotlatchDeltic had a net margin of 2.06% and a return on equity of 1.05%. The business had revenue of $268.26 million for the quarter, compared to analysts' expectations of $243.68 million. The business's revenue was up 17.6% on a year-over-year basis. As a group, equities analysts forecast that PotlatchDeltic Co. will post 0.8 earnings per share for the current year.

PotlatchDeltic Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date was Friday, March 7th. PotlatchDeltic's dividend payout ratio (DPR) is presently 295.08%.

Insiders Place Their Bets

In other PotlatchDeltic news, VP Michele Tyler sold 3,170 shares of PotlatchDeltic stock in a transaction on Monday, February 10th. The shares were sold at an average price of $44.72, for a total value of $141,762.40. Following the completion of the transaction, the vice president now owns 39,446 shares of the company's stock, valued at approximately $1,764,025.12. The trade was a 7.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric J. Cremers sold 14,188 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $44.76, for a total transaction of $635,054.88. Following the completion of the sale, the chief executive officer now directly owns 281,133 shares of the company's stock, valued at approximately $12,583,513.08. The trade was a 4.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,651 shares of company stock worth $834,770 in the last three months. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On PotlatchDeltic

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP grew its position in PotlatchDeltic by 224.2% in the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 482 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of PotlatchDeltic by 168.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 417 shares during the period. UMB Bank n.a. lifted its stake in PotlatchDeltic by 41.6% during the first quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 254 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of PotlatchDeltic by 259.7% in the fourth quarter. Fifth Third Bancorp now owns 1,133 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 818 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of PotlatchDeltic in the first quarter valued at approximately $52,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

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.