Yousif Capital Management LLC Sells 661 Shares of Potlatch Corporation (NASDAQ:PCH)

Yousif Capital Management LLC lessened its stake in Potlatch Corporation (NASDAQ:PCH) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,690 shares of the real estate investment trust’s stock after selling 661 shares during the quarter. Yousif Capital Management LLC’s holdings in Potlatch were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of PCH. Quarry LP raised its position in shares of Potlatch by 224.2% in the 4th quarter. Quarry LP now owns 697 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of Potlatch by 168.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 417 shares during the period. UMB Bank n.a. grew its stake in shares of Potlatch by 41.6% during the 1st quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 254 shares during the period. Sterling Capital Management LLC boosted its stake in Potlatch by 806.9% in the 4th quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 2,227 shares during the period. Finally, GeoWealth Management LLC bought a new position in Potlatch in the 4th quarter worth approximately $131,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PCH. Truist Financial decreased their price objective on Potlatch from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Citigroup restated a “buy” rating and set a $47.00 price target (down previously from $49.00) on shares of Potlatch in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.57.

Potlatch Stock Performance

Shares of Potlatch stock opened at $38.35 on Thursday. The stock’s fifty day moving average price is $38.99 and its 200-day moving average price is $41.58. The company has a current ratio of 1.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.01 billion, a P/E ratio of 62.87 and a beta of 1.17. Potlatch Corporation has a 12 month low of $36.82 and a 12 month high of $48.12.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. The company had revenue of $268.26 million during the quarter, compared to analysts’ expectations of $243.68 million. Potlatch had a return on equity of 2.36% and a net margin of 4.35%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities research analysts expect that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date of this dividend is Friday, June 6th. Potlatch’s dividend payout ratio (DPR) is presently 295.08%.

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.