Saturna Capital Corp Has $548,000 Stock Position in Potlatch Corporation $PCH

Saturna Capital Corp lifted its position in Potlatch Corporation (NASDAQ:PCH) by 13.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,280 shares of the real estate investment trust’s stock after buying an additional 1,640 shares during the period. Saturna Capital Corp’s holdings in Potlatch were worth $548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Costello Asset Management INC acquired a new position in Potlatch in the first quarter valued at about $30,000. GAMMA Investing LLC lifted its holdings in shares of Potlatch by 61.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 411 shares in the last quarter. UMB Bank n.a. grew its position 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 purchasing an additional 279 shares during the period. Quarry LP increased its stake in Potlatch by 70.9% during the 1st quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 494 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in Potlatch during the 1st quarter worth approximately $204,000. 86.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PCH. Citigroup cut their price target 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. Wall Street Zen cut shares of Potlatch from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Bank of America cut Potlatch from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $49.00 to $46.00 in a report on Monday. Royal Bank Of Canada reissued a “sector perform” rating and issued a $48.00 price target on shares of Potlatch in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Potlatch in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.43.

Potlatch Trading Down 0.5%

Potlatch stock opened at $38.21 on Wednesday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 72.09 and a beta of 1.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.75. The firm has a 50-day moving average of $40.92 and a 200-day moving average of $40.63. 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 data on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share for the quarter. The company had revenue of $354.19 million for the quarter. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. On average, equities analysts expect that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Monday, September 15th. Potlatch’s payout ratio is currently 219.51%.

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.