Potlatchdeltic Corp (NASDAQ:PCH) VP Thomas J. Temple sold 4,618 shares of the stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $35.01, for a total transaction of $161,676.18. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Potlatchdeltic stock traded up $0.74 during mid-day trading on Tuesday, reaching $36.21. The company had a trading volume of 437,524 shares, compared to its average volume of 499,686. Potlatchdeltic Corp has a 1 year low of $28.07 and a 1 year high of $54.85. The company has a current ratio of 1.92, a quick ratio of 1.48 and a debt-to-equity ratio of 0.54. The stock has a market cap of $2.23 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 6.38 and a beta of 1.31.
Potlatchdeltic (NASDAQ:PCH) last issued its earnings results on Monday, February 4th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. Potlatchdeltic had a net margin of 12.61% and a return on equity of 10.87%. The company had revenue of $217.25 million during the quarter, compared to analysts’ expectations of $225.86 million. During the same period last year, the company posted $0.62 earnings per share. On average, sell-side analysts forecast that Potlatchdeltic Corp will post 1.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be issued a $0.40 dividend. The ex-dividend date is Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a yield of 4.42%. Potlatchdeltic’s dividend payout ratio (DPR) is presently 70.18%.
Several research analysts recently issued reports on the stock. ValuEngine raised shares of Potlatchdeltic from a “strong sell” rating to a “sell” rating in a report on Monday, October 29th. Raymond James cut shares of Potlatchdeltic from an “outperform” rating to a “mkt perform” rating in a report on Tuesday, January 8th. Vertical Research raised shares of Potlatchdeltic from a “hold” rating to a “buy” rating in a report on Monday, January 7th. BMO Capital Markets cut their price target on shares of Potlatchdeltic from $49.00 to $44.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Finally, BidaskClub raised shares of Potlatchdeltic from a “strong sell” rating to a “sell” rating in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $49.50.
A number of institutional investors have recently modified their holdings of PCH. Nisa Investment Advisors LLC grew its position in shares of Potlatchdeltic by 323.5% in the third quarter. Nisa Investment Advisors LLC now owns 48,700 shares of the real estate investment trust’s stock valued at $1,994,000 after purchasing an additional 37,200 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in shares of Potlatchdeltic by 20.6% in the third quarter. Xact Kapitalforvaltning AB now owns 10,532 shares of the real estate investment trust’s stock valued at $431,000 after purchasing an additional 1,800 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of Potlatchdeltic by 1.8% in the third quarter. Retirement Systems of Alabama now owns 170,683 shares of the real estate investment trust’s stock valued at $6,989,000 after purchasing an additional 3,072 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Potlatchdeltic in the third quarter valued at approximately $1,260,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Potlatchdeltic by 80.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 147,471 shares of the real estate investment trust’s stock valued at $7,081,000 after purchasing an additional 65,761 shares during the last quarter. 86.99% of the stock is owned by institutional investors.
Potlatchdeltic Company Profile
PotlatchDeltic (NASDAQ:PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2 million acres of timberlands in Alabama, Arkansas, Idaho, Louisiana, Minnesota and Mississippi. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a medium density fiberboard plant, a residential and commercial real estate development business and a rural timberland sales program.
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