Liberty Mutual Group Asset Management Inc. decreased its position in Potlatch Corporation (NASDAQ:PCH) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,449 shares of the real estate investment trust’s stock after selling 388 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Potlatch Corporation were worth $842,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Flinton Capital Management LLC increased its stake in Potlatch Corporation by 28.3% in the first quarter. Flinton Capital Management LLC now owns 2,618 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 578 shares in the last quarter. Sit Investment Associates Inc. raised its position in Potlatch Corporation by 115.0% in the first quarter. Sit Investment Associates Inc. now owns 4,300 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 2,300 shares during the last quarter. Worth Venture Partners LLC purchased a new position in Potlatch Corporation during the first quarter valued at about $204,000. Confluence Investment Management LLC purchased a new position in Potlatch Corporation during the first quarter valued at about $211,000. Finally, Teza Capital Management LLC purchased a new position in Potlatch Corporation during the first quarter valued at about $222,000. Hedge funds and other institutional investors own 83.34% of the company’s stock.
Potlatch Corporation (NASDAQ:PCH) traded down 1.14% on Monday, hitting $47.55. 248,348 shares of the company traded hands. The firm has a market capitalization of $1.93 billion, a PE ratio of 70.34 and a beta of 1.41. Potlatch Corporation has a 1-year low of $34.22 and a 1-year high of $48.85. The firm’s 50 day moving average price is $46.38 and its 200 day moving average price is $44.73.
Potlatch Corporation (NASDAQ:PCH) last released its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.16. Potlatch Corporation had a return on equity of 42.10% and a net margin of 4.46%. The business had revenue of $149.70 million for the quarter, compared to the consensus estimate of $137.66 million. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities research analysts predict that Potlatch Corporation will post $2.11 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 7th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, June 5th. This represents a $1.50 annualized dividend and a dividend yield of 3.15%. Potlatch Corporation’s dividend payout ratio is presently 223.88%.
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PCH has been the subject of several research analyst reports. Zacks Investment Research raised shares of Potlatch Corporation from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Wednesday, April 5th. BidaskClub downgraded shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Vertical Research downgraded shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. UBS AG downgraded shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. Finally, DA Davidson downgraded shares of Potlatch Corporation from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from $40.00 to $44.00 in a report on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $45.00.
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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