SG Americas Securities LLC Buys 5,774 Shares of Potlatch Corporation $PCH

SG Americas Securities LLC increased its position in Potlatch Corporation (NASDAQ:PCH) by 22.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,993 shares of the real estate investment trust’s stock after buying an additional 5,774 shares during the period. SG Americas Securities LLC’s holdings in Potlatch were worth $1,228,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PCH. Costello Asset Management INC acquired a new stake in Potlatch in the first quarter valued at approximately $30,000. GAMMA Investing LLC raised its position in shares of Potlatch by 61.1% during the second quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 411 shares during the period. UMB Bank n.a. lifted its holdings in shares of Potlatch by 32.3% in the 2nd quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 279 shares in the last quarter. Quarry LP grew its position in Potlatch by 70.9% in the 1st quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 494 shares during the period. Finally, M&G PLC acquired a new stake in Potlatch in the 2nd quarter valued at $196,000. 86.06% of the stock is owned by institutional investors and hedge funds.

Potlatch Stock Up 1.0%

PCH opened at $39.47 on Friday. Potlatch Corporation has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The firm has a market capitalization of $3.05 billion, a P/E ratio of 74.47 and a beta of 1.11. The company’s 50-day moving average is $40.75 and its 200 day moving average is $40.61. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.75.

Potlatch (NASDAQ:PCH) last issued its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share (EPS) for the quarter. The business had revenue of $354.19 million during the quarter. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. Research analysts expect that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, September 15th. Potlatch’s dividend payout ratio (DPR) is presently 219.51%.

Wall Street Analysts Forecast Growth

PCH has been the topic of a number of recent research reports. Citigroup dropped their price objective on shares of Potlatch from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Truist Financial lowered their target price on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Potlatch in a research report on Wednesday, October 8th. Bank of America downgraded Potlatch from a “buy” rating to an “underperform” rating and cut their price target for the company from $49.00 to $46.00 in a research note on Monday, November 17th. Finally, DA Davidson reissued a “neutral” rating and issued a $40.00 price objective (down from $54.00) on shares of Potlatch in a research note on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.43.

About Potlatch

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.