Potlatch Corporation $PCH Shares Purchased by Swedbank AB

Swedbank AB raised its stake in Potlatch Corporation (NASDAQ:PCH) by 12.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 212,875 shares of the real estate investment trust’s stock after purchasing an additional 23,195 shares during the period. Swedbank AB’s holdings in Potlatch were worth $8,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Potlatch by 27.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,378 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 294 shares during the last quarter. Osaic Holdings Inc. increased its position in Potlatch by 27.5% during the second quarter. Osaic Holdings Inc. now owns 9,887 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 2,131 shares during the period. Advisory Services Network LLC purchased a new stake in Potlatch in the second quarter valued at approximately $668,000. State of Wyoming lifted its stake in Potlatch by 35.5% in the second quarter. State of Wyoming now owns 22,330 shares of the real estate investment trust’s stock valued at $857,000 after buying an additional 5,852 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Potlatch by 19.8% in the second quarter. Westwood Holdings Group Inc. now owns 2,792,075 shares of the real estate investment trust’s stock valued at $107,132,000 after acquiring an additional 461,356 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Potlatch Stock Up 0.1%

Shares of Potlatch stock opened at $40.08 on Friday. Potlatch Corporation has a one year low of $36.82 and a one year high of $48.12. The company has a market cap of $3.10 billion, a P/E ratio of 48.88 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.26 and a current ratio of 1.96. The firm has a fifty day moving average of $40.13 and a two-hundred day moving average of $40.77.

Potlatch (NASDAQ:PCH) last issued its earnings results on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share for the quarter. The business had revenue of $354.19 million for the quarter. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. On average, analysts forecast that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 15th. This represents a $1.80 annualized dividend and a yield of 4.5%. Potlatch’s payout ratio is presently 219.51%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 target price (down from $54.00) on shares of Potlatch in a report on Thursday, November 13th. Bank of America downgraded shares of Potlatch from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $49.00 to $46.00 in a research report on Monday, November 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $48.00 target price on shares of Potlatch in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Potlatch in a report on Wednesday, October 8th. Finally, Truist Financial dropped their price target on Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.80.

Insider Buying and Selling at Potlatch

In related news, VP Michele Tyler sold 4,343 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $39.36, for a total transaction of $170,940.48. Following the transaction, the vice president owned 42,184 shares of the company’s stock, valued at $1,660,362.24. This represents a 9.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Darin Robert Ball sold 4,127 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $39.30, for a total value of $162,191.10. Following the completion of the transaction, the vice president owned 49,054 shares of the company’s stock, valued at $1,927,822.20. The trade was a 7.76% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 42,278 shares of company stock worth $1,663,143. 1.00% of the stock is currently owned by company insiders.

Potlatch 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.