PotlatchDeltic (PCH) will report its quarterly results on Monday

PotlatchDeltic (NASDAQ:PCH – Get Free Report) will release its earnings data after the market closes on Monday, April 29. Analysts expect PotlatchDeltic to post earnings of ($0.01) per share for the quarter. Individuals interested in listening to the company’s earnings conference call can do so via this link.

PotlatchDeltic is trading 1.1% higher

NASDAQ:PCH opened at $41.19 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 53.49 and a beta of 1.15. The company has a fifty day simple moving average of $45.04 and a two hundred day simple moving average of $45.80. PotlatchDeltic has a 12-month low of $40.55 and a 12-month high of $54.44.

PotlatchDeltic announces dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29. A dividend of $0.45 was paid to known shareholders on Friday, March 8. This represents an annualized dividend of $1.80 and a yield of 4.37%. The ex-dividend date of this dividend was Thursday, March 7. PotlatchDeltic’s payout ratio is 233.77%.

Changes in analyst ratings

A number of research firms have commented on PCH. Royal Bank of Canada reiterated a “sector perform” rating and issued a $48.00 price target on shares of PotlatchDeltic in a report on Wednesday, January 31st. Truist Financial lowered their price target on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the company in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating. According to MarketBeat, PotlatchDeltic currently has an average rating of ‘Hold’ and a consensus price target of $51.33.

Get our latest analysis on PCH

Buying and selling with insider information at PotlatchDeltic

In other PotlatchDeltic news, VP Michele Tyler sold 3,968 shares of the company’s stock in a transaction on Monday, February 12. The shares sold at an average price of $45.14, for a total value of $179,115.52. Following the transaction, the vice president now directly owns 31,864 shares of the company’s stock, valued at $1,438,340.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. In related news, CEO Eric J. Cremers sold 17,591 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $45.13, for a total transaction of $793,881.83. Following the transaction, the CEO now directly owns 241,111 shares of the company’s stock, valued at $10,881,339.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, Vice President Michele Tyler sold 3,968 shares of the company’s stock in a transaction dated Monday, February 12th. The shares sold at an average price of $45.14, for a total transaction of $179,115.52. Following the transaction, the vice president now directly owns 31,864 shares of the company’s stock, valued at $1,438,340.96. The explanation of this sale can be found here. In the last three months, insiders have sold 23,124 shares of the company’s stock, valued at $1,043,626. Corporate insiders own 2.00% of the company’s shares.

Institutional inflow and outflow

Major investors have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its position in PotlatchDeltic shares by 5.2% during the third quarter. Glenmede Trust Co. NA now owns 5,356 shares of the real estate investment trust, valued at $219,000, after purchasing an additional 265 shares in the last quarter. Franklin Resources Inc. bought a new position in PotlatchDeltic stock during the second quarter worth approximately $218,000. Captrust Financial Advisors bought a new stake in PotlatchDeltic in the fourth quarter worth approximately $215,000. Two Sigma Investments LP bought a new stake in PotlatchDeltic in the third quarter worth about $207,000. Finally, FMR LLC increased its position in PotlatchDeltic by 19.6% in the first quarter. FMR LLC now owns 4,159 shares of the real estate investment trust’s stock worth $206,000 after acquiring an additional 681 shares during the period. 86.06% of the shares are held by institutional investors.

PotlatchDeltic Company Profile

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PotlatchDeltic Corporation (Nasdaq: PCH) is a leading real estate investment trust (REIT) that owns nearly 2.2 million acres of forest land 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 company and a rural timber sales program.