SG Americas Securities LLC Sells 17,721 Shares of PotlatchDeltic Co. (NASDAQ:PCH)

SG Americas Securities LLC reduced its stake in PotlatchDeltic Co. (NASDAQ:PCH) by 80.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,427 shares of the real estate investment trust’s stock after selling 17,721 shares during the quarter. SG Americas Securities LLC’s holdings in PotlatchDeltic were worth $174,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PCH. Bessemer Group Inc. raised its position in shares of PotlatchDeltic by 370.7% during the first quarter. Bessemer Group Inc. now owns 706 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 556 shares during the period. Beach Investment Counsel Inc. PA acquired a new position in PotlatchDeltic during the second quarter worth $59,000. Park Place Capital Corp acquired a new position in PotlatchDeltic during the second quarter worth $105,000. Cetera Advisors LLC bought a new position in shares of PotlatchDeltic in the first quarter valued at $203,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in shares of PotlatchDeltic during the fourth quarter valued at about $280,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com raised shares of PotlatchDeltic from a “sell” rating to a “hold” rating in a research report on Friday, August 9th. Royal Bank of Canada lifted their target price on PotlatchDeltic from $46.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Finally, Truist Financial lowered their price target on PotlatchDeltic from $49.00 to $42.00 and set a “hold” rating for the company in a research report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, PotlatchDeltic currently has an average rating of “Hold” and a consensus price target of $46.00.

PotlatchDeltic Trading Up 7.3 %

NASDAQ PCH opened at $44.16 on Friday. The business’s fifty day moving average is $40.85 and its 200-day moving average is $42.81. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.00. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 77.47, a PEG ratio of 121.70 and a beta of 1.12. PotlatchDeltic Co. has a one year low of $37.06 and a one year high of $50.04.

PotlatchDeltic (NASDAQ:PCH) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.17 EPS for the quarter, hitting the consensus estimate of $0.17. PotlatchDeltic had a net margin of 3.45% and a return on equity of 1.14%. The business had revenue of $320.70 million for the quarter, compared to analyst estimates of $305.01 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. Equities research analysts predict that PotlatchDeltic Co. will post 0.04 EPS for the current year.

Insider Buying and Selling

In other news, VP Ashlee Townsend Cribb sold 4,114 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $43.11, for a total transaction of $177,354.54. Following the transaction, the vice president now owns 29,039 shares of the company’s stock, valued at approximately $1,251,871.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

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.