Potlatch Corporation (PCH) VP Sells $247,800.00 in Stock

Potlatch Corporation (NASDAQ:PCH) VP William R. Dereu sold 4,720 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $52.50, for a total value of $247,800.00. Following the completion of the transaction, the vice president now directly owns 26,142 shares in the company, valued at $1,372,455. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Potlatch Corporation (NASDAQ:PCH) traded up $0.30 during mid-day trading on Thursday, hitting $53.45. The stock had a trading volume of 559,600 shares, compared to its average volume of 312,682. Potlatch Corporation has a 12-month low of $38.35 and a 12-month high of $56.35. The company has a current ratio of 2.17, a quick ratio of 1.72 and a debt-to-equity ratio of 2.92. The stock has a market cap of $2,158.47, a PE ratio of 23.73, a P/E/G ratio of 4.19 and a beta of 1.45.

Potlatch Corporation (NASDAQ:PCH) last posted its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.06. Potlatch Corporation had a return on equity of 54.42% and a net margin of 13.54%. The firm had revenue of $190.40 million for the quarter, compared to analysts’ expectations of $187.29 million. During the same period in the previous year, the firm earned $0.68 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. equities analysts forecast that Potlatch Corporation will post 2.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.40 per share. This is a boost from Potlatch Corporation’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, December 7th. Potlatch Corporation’s payout ratio is presently 69.12%.

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Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Potlatch Corporation by 26,031.7% in the 1st quarter. BlackRock Inc. now owns 4,763,801 shares of the real estate investment trust’s stock worth $217,705,000 after purchasing an additional 4,745,571 shares in the last quarter. American Century Companies Inc. lifted its holdings in Potlatch Corporation by 120.8% in the 3rd quarter. American Century Companies Inc. now owns 876,175 shares of the real estate investment trust’s stock worth $44,685,000 after purchasing an additional 479,278 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Potlatch Corporation by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock worth $168,183,000 after purchasing an additional 251,612 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Potlatch Corporation by 112.4% in the 3rd quarter. Principal Financial Group Inc. now owns 369,872 shares of the real estate investment trust’s stock worth $18,863,000 after purchasing an additional 195,726 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Potlatch Corporation by 31.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 688,893 shares of the real estate investment trust’s stock worth $35,133,000 after purchasing an additional 166,615 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have issued reports on PCH shares. BMO Capital Markets reissued a “hold” rating and issued a $40.00 target price on shares of Potlatch Corporation in a research report on Thursday, July 20th. BidaskClub raised Potlatch Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a research report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and issued a $47.00 target price on shares of Potlatch Corporation in a research report on Monday, July 31st. Finally, Vertical Research cut Potlatch Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the company. Potlatch Corporation presently has an average rating of “Hold” and an average target price of $49.40.

Potlatch Corporation Company Profile

Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.

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