PotlatchDeltic (NASDAQ:PCH) Downgraded by StockNews.com to “Sell”

StockNews.com downgraded shares of PotlatchDeltic (NASDAQ:PCH – Get Rating) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Other equities analysts have also recently issued research reports about the company. Truist Financial decreased their price target on PotlatchDeltic from $48.00 to $47.00 and set a hold rating for the company in a report on Wednesday, February 1st. Citigroup started coverage on PotlatchDeltic in a report on Wednesday, March 1st. They issued a buy rating for the company. Finally, DA Davidson decreased their price target on PotlatchDeltic from $57.00 to $55.00 and set a buy rating for the company in a report on Tuesday, January 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, PotlatchDeltic has a consensus rating of Moderate Buy and an average price target of $55.40.

PotlatchDeltic Stock Down 0.9 %

PCH opened at $46.10 on Tuesday. The firm has a 50 day moving average price of $46.26 and a 200 day moving average price of $45.51. The company has a market cap of $3.67 billion, a PE ratio of 9.68 and a beta of 1.17. PotlatchDeltic has a 1 year low of $39.10 and a 1 year high of $58.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.89 and a current ratio of 3.37.

PotlatchDeltic (NASDAQ:PCH – Get Rating) last posted its earnings results on Tuesday, January 31st. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.07). The business had revenue of $253.14 million for the quarter, compared to analyst estimates of $242.91 million. PotlatchDeltic had a return on equity of 17.02% and a net margin of 25.09%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $0.59 EPS. Sell-side analysts expect that PotlatchDeltic will post 1.25 earnings per share for the current year.

PotlatchDeltic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 3rd will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, March 2nd. This is a boost from PotlatchDeltic’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 3.90%. PotlatchDeltic’s dividend payout ratio (DPR) is 37.82%.

Insider Buying and Selling

In other PotlatchDeltic news, CEO Eric J. Cremers sold 8,535 shares of the stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $48.00, for a total value of $409,680.00. Following the sale, the chief executive officer now directly owns 199,129 shares of the company’s stock, valued at $9,558,192. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other PotlatchDeltic news, VP Michele Tyler sold 4,676 shares of the stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $48.13, for a total value of $225,055.88. Following the sale, the vice president now directly owns 20,662 shares of the company’s stock, valued at $994,462.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric J. Cremers sold 8,535 shares of the stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $48.00, for a total value of $409,680.00. Following the completion of the sale, the chief executive officer now directly owns 199,129 shares in the company, valued at $9,558,192. The disclosure for this sale can be found here. Insiders have sold 99,028 shares of company stock worth $4,667,676 over the last ninety days. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Accel Wealth Management acquired a new position in shares of PotlatchDeltic during the third quarter valued at $27,000. Kistler Tiffany Companies LLC acquired a new position in shares of PotlatchDeltic during the fourth quarter valued at $30,000. Fifth Third Bancorp increased its holdings in shares of PotlatchDeltic by 50.2% during the fourth quarter. Fifth Third Bancorp now owns 706 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 236 shares during the period. Quadrant Capital Group LLC boosted its stake in PotlatchDeltic by 289.8% during the third quarter. Quadrant Capital Group LLC now owns 877 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 652 shares in the last quarter. Finally, Ronald Blue Trust Inc. boosted its stake in PotlatchDeltic by 219.4% during the fourth quarter. Ronald Blue Trust Inc. now owns 990 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 680 shares in the last quarter. 80.36% of the stock is owned by institutional investors and hedge funds.

PotlatchDeltic Company Profile

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PotlatchDeltic Corp. operates as a real estate investment trust. The firm engages in the ownership and management of acres of timberlands. It operates through the following segments: Timberlands, Wood Products and Real Estate. The Timberland segment sells delivered logs, pulpwood, sawlogs, and stumpage.