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

PotlatchDeltic Co. (NASDAQ:PCH)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $40.47 and last traded at $40.97, with a volume of 97375 shares changing hands. The stock had previously closed at $41.41.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PCH. Truist Financial decreased 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 restated a “sector perform” rating and issued a $48.00 target price on shares of PotlatchDeltic in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, PotlatchDeltic has a consensus rating of “Hold” and an average target price of $51.33.

PotlatchDeltic Stock Performance

The business has a 50-day moving average of $44.70 and a 200 day moving average of $45.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.44 and a quick ratio of 1.14. The company has a market cap of $3.26 billion, a PE ratio of 53.31 and a beta of 1.15.

PotlatchDeltic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Thursday, March 7th. PotlatchDeltic’s dividend payout ratio (DPR) is presently 233.77%.

Insider Buying and Selling

In other PotlatchDeltic news, VP Michele Tyler sold 3,968 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 $1,438,340.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, VP Michele Tyler sold 3,968 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $45.14, for a total value of $179,115.52. Following the transaction, the vice president now owns 31,864 shares of the company’s stock, valued at $1,438,340.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Wayne Wasechek sold 1,565 shares of PotlatchDeltic stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total value of $70,628.45. Following the transaction, the chief financial officer now directly owns 21,247 shares in the company, valued at $958,877.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,124 shares of company stock valued at $1,043,626. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On PotlatchDeltic

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of PotlatchDeltic during the fourth quarter worth about $150,557,000. Westwood Holdings Group Inc. grew its holdings in PotlatchDeltic by 14.9% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,456,211 shares of the real estate investment trust’s stock valued at $71,500,000 after buying an additional 188,333 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in PotlatchDeltic by 4.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,363,897 shares of the real estate investment trust’s stock valued at $66,967,000 after buying an additional 53,349 shares in the last quarter. Schroder Investment Management Group raised its position in shares of PotlatchDeltic by 79.3% during the fourth quarter. Schroder Investment Management Group now owns 769,957 shares of the real estate investment trust’s stock valued at $37,805,000 after buying an additional 340,555 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of PotlatchDeltic by 21.2% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 759,426 shares of the real estate investment trust’s stock worth $34,470,000 after buying an additional 133,066 shares in 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.