Stephens Inc. AR Raises Holdings in Potlatch Corporation $PCH

Stephens Inc. AR boosted its position in Potlatch Corporation (NASDAQ:PCH) by 207.3% in the 3rd quarter, Holdings Channel reports. The firm owned 23,275 shares of the real estate investment trust’s stock after acquiring an additional 15,701 shares during the quarter. Stephens Inc. AR’s holdings in Potlatch were worth $948,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coastline Trust Co purchased a new stake in shares of Potlatch during the third quarter worth $26,000. GAMMA Investing LLC boosted its position in 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 acquiring an additional 411 shares during the last quarter. UMB Bank n.a. grew its stake in Potlatch by 32.3% during 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 in the last quarter. United Services Automobile Association acquired a new stake in Potlatch in the 1st quarter valued at about $204,000. Finally, M&G PLC purchased a new position in Potlatch in the 2nd quarter worth approximately $196,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Potlatch Trading Up 2.0%

Shares of Potlatch stock opened at $45.39 on Monday. The stock has a 50 day moving average of $40.29 and a 200 day moving average of $41.05. 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 market capitalization of $3.51 billion, a price-to-earnings ratio of 55.35 and a beta of 1.09. Potlatch Corporation has a fifty-two week low of $36.82 and a fifty-two week high of $48.12.

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

Potlatch Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, December 15th. Potlatch’s dividend payout ratio (DPR) is 219.51%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. DA Davidson restated a “neutral” rating and issued a $40.00 price target (down from $54.00) on shares of Potlatch in a research report on Thursday, November 13th. Citigroup boosted their price objective on Potlatch from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday. Truist Financial cut their target price on Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Bank of America cut shares of Potlatch from a “buy” rating to an “underperform” rating and lowered their price target for the company from $49.00 to $46.00 in a research report on Monday, November 17th. Finally, Zacks Research raised shares of Potlatch from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.83.

Insider Buying and Selling at Potlatch

In related news, VP Ashlee Townsend Cribb sold 4,756 shares of Potlatch stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $39.35, for a total value of $187,148.60. Following the completion of the sale, the vice president owned 39,619 shares in the company, valued at approximately $1,559,007.65. This trade represents a 10.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Glen F. Smith sold 738 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $41.80, for a total value of $30,848.40. Following the completion of the sale, the chief accounting officer directly owned 8,159 shares in the company, valued at approximately $341,046.20. The trade was a 8.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 43,569 shares of company stock valued at $1,715,897. 1.00% of the stock is currently owned by company insiders.

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.