SG Americas Securities LLC Buys 28,603 Shares of Potlatch Corporation $PCH

SG Americas Securities LLC lifted its stake in shares of Potlatch Corporation (NASDAQ:PCH) by 89.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 60,596 shares of the real estate investment trust’s stock after acquiring an additional 28,603 shares during the period. SG Americas Securities LLC’s holdings in Potlatch were worth $2,469,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Coastline Trust Co acquired a new stake in Potlatch in the third quarter valued at approximately $26,000. GAMMA Investing LLC increased its holdings 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 buying an additional 411 shares in the last quarter. UMB Bank n.a. lifted its stake 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 valued at $44,000 after acquiring an additional 279 shares during the last quarter. M&G PLC acquired a new stake in shares of Potlatch during the 2nd quarter valued at $196,000. Finally, United Services Automobile Association bought a new stake in Potlatch during the 1st quarter worth $204,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Truist Financial dropped their target price on Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Potlatch in a research report on Wednesday, October 8th. BMO Capital Markets lowered shares of Potlatch from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $51.00 to $45.00 in a report on Thursday, January 8th. Bank of America downgraded shares of Potlatch from a “buy” rating to an “underperform” rating and dropped their price target for the company from $49.00 to $46.00 in a research note on Monday, November 17th. Finally, DA Davidson reiterated a “neutral” rating and set a $40.00 price target (down previously from $54.00) on shares of Potlatch in a report on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Potlatch presently has an average rating of “Hold” and an average target price of $45.67.

Insider Buying and Selling at Potlatch

In related news, VP William R. Dereu sold 3,278 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $39.33, for a total transaction of $128,923.74. Following the sale, the vice president owned 73,845 shares in the company, valued at $2,904,323.85. This represents a 4.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ashlee Townsend Cribb sold 4,756 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $39.35, for a total value of $187,148.60. Following the sale, the vice president directly owned 39,619 shares of the company’s stock, valued at $1,559,007.65. This represents a 10.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 43,569 shares of company stock valued at $1,715,897. 1.00% of the stock is owned by corporate insiders.

Potlatch Price Performance

Potlatch stock opened at $42.65 on Wednesday. The firm has a market cap of $3.30 billion, a P/E ratio of 52.01 and a beta of 1.09. The stock’s 50 day moving average is $40.03 and its 200 day moving average is $40.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.96 and a quick ratio of 1.26. Potlatch Corporation has a one year low of $36.82 and a one year high of $48.12.

Potlatch (NASDAQ:PCH) last released its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.21. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. The firm had revenue of $314.18 million during the quarter, compared to analyst estimates of $308.13 million. As a group, research analysts expect that Potlatch Corporation will post 0.8 EPS for the current year.

Potlatch Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.45 dividend. The ex-dividend date was Monday, December 15th. This represents a $1.80 annualized dividend and a yield of 4.2%. Potlatch’s payout ratio is presently 219.51%.

Potlatch Company Profile

PotlatchDeltic Corporation, which trades on the NASDAQ under the ticker PCH, is a real estate investment trust (REIT) specializing in the ownership and sustainable management of timberland. Headquartered in Spokane, Washington, the company holds approximately two million acres of forested land across the United States. Its integrated business model combines timberland stewardship with manufacturing and marketing of wood products to serve residential, agricultural and industrial markets.

In its timberland segment, PotlatchDeltic focuses on responsible forest management practices, including reforestation, habitat conservation and wildfire mitigation.