PotlatchDeltic Co. Announces Quarterly Dividend of $0.45 (NASDAQ:PCH)

PotlatchDeltic Co. (NASDAQ:PCH) announced a quarterly dividend on Thursday, May 9th, RTT News reports. Investors of record on Friday, June 7th will be given a dividend of 0.45 per share by the real estate investment trust on Friday, June 28th. This represents a $1.80 annualized dividend and a yield of 4.19%.

PotlatchDeltic Trading Up 1.2 %

Shares of NASDAQ PCH traded up $0.49 during midday trading on Thursday, reaching $42.96. 395,038 shares of the stock were exchanged, compared to its average volume of 416,142. PotlatchDeltic has a twelve month low of $39.86 and a twelve month high of $54.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.42. The stock has a market capitalization of $3.42 billion, a P/E ratio of 74.51 and a beta of 1.19. The company has a 50 day simple moving average of $44.30 and a 200 day simple moving average of $45.48.

Insiders Place Their Bets

In other PotlatchDeltic news, VP Michele Tyler sold 3,968 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $45.14, for a total transaction of $179,115.52. Following the sale, the vice president now owns 31,864 shares in the company, valued at approximately $1,438,340.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Wayne Wasechek sold 1,565 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $45.13, for a total value of $70,628.45. Following the transaction, the chief financial officer now owns 21,247 shares of the company’s stock, valued at $958,877.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Michele Tyler sold 3,968 shares of the company’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 directly owns 31,864 shares of the company’s stock, valued at $1,438,340.96. The disclosure for this sale can be found here. Insiders sold a total of 23,124 shares of company stock worth $1,043,626 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on PCH. Truist Financial decreased their target price on shares of PotlatchDeltic from $51.00 to $49.00 and set a “hold” rating on the stock in a research report on Wednesday, January 31st. Royal Bank of Canada raised PotlatchDeltic from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $45.00 to $46.00 in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $50.67.

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.