PotlatchDeltic (NASDAQ:PCH) Hits New 1-Year Low - Here's Why

PotlatchDeltic Co. (NASDAQ:PCH - Get Free Report)'s share price reached a new 52-week low during trading on Wednesday . The company 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 Ratings Changes

Several analysts have issued reports on PCH shares. Truist Financial lowered their price objective on shares of PotlatchDeltic from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. DA Davidson set a $54.00 target price on PotlatchDeltic in a research report on Wednesday, January 29th. StockNews.com raised shares of PotlatchDeltic from a "sell" rating to a "hold" rating in a research report on Friday, January 31st. Finally, Citigroup cut their price objective on shares of PotlatchDeltic from $52.00 to $46.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PotlatchDeltic currently has a consensus rating of "Moderate Buy" and an average price target of $48.43.

PotlatchDeltic Price Performance

The firm has a market cap of $3.06 billion, a P/E ratio of 138.79 and a beta of 1.12. The stock's 50-day moving average is $42.49 and its 200-day moving average is $42.40. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.46.

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

PotlatchDeltic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $1.80 annualized dividend and a yield of 4.63%. PotlatchDeltic's dividend payout ratio is currently 295.08%.

Insider Buying and Selling at PotlatchDeltic

In other PotlatchDeltic news, CFO Wayne Wasechek sold 1,293 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $44.82, for a total transaction of $57,952.26. Following the transaction, the chief financial officer now owns 27,701 shares of the company's stock, valued at $1,241,558.82. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric J. Cremers sold 14,188 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were 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 owns 281,133 shares of the company's stock, valued at $12,583,513.08. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,651 shares of company stock valued at $834,770. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of PotlatchDeltic

A number of institutional investors have recently modified their holdings of the stock. Quarry LP increased its stake in shares of PotlatchDeltic by 224.2% in the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 482 shares during the period. Harbor Capital Advisors Inc. increased its holdings in PotlatchDeltic by 168.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 417 shares in the last quarter. UMB Bank n.a. raised its position in PotlatchDeltic by 41.6% in the 1st quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 254 shares during the last quarter. Fifth Third Bancorp raised its holdings 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 purchasing an additional 818 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of PotlatchDeltic by 806.9% during the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after buying an additional 2,227 shares in the last quarter. 86.06% of the stock is currently 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.