Blair William & Co. IL Takes $320,000 Position in Potlatch Corporation (NASDAQ:PCH)

Blair William & Co. IL acquired a new stake in shares of Potlatch Corporation (NASDAQ:PCH) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,093 shares of the real estate investment trust’s stock, valued at approximately $320,000.

Other institutional investors also recently made changes to their positions in the company. Quarry LP boosted its position in Potlatch by 224.2% during 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 period. Harbor Capital Advisors Inc. increased its holdings in Potlatch by 168.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 417 shares in the last quarter. UMB Bank n.a. increased its holdings in Potlatch by 41.6% in the 1st quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 254 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Potlatch in the 1st quarter valued at $52,000. Finally, Fifth Third Bancorp increased its holdings in Potlatch by 67.1% in the 1st quarter. Fifth Third Bancorp now owns 1,893 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 760 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

Potlatch Stock Performance

NASDAQ:PCH opened at $42.04 on Tuesday. 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 $40.24 and a two-hundred day moving average of $41.49. The stock has a market cap of $3.25 billion, a P/E ratio of 79.32 and a beta of 1.12. Potlatch Corporation has a 1-year low of $36.82 and a 1-year high of $48.12.

Potlatch (NASDAQ:PCH) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $274.99 million during the quarter, compared to analysts’ expectations of $267.66 million. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. The firm’s revenue for the quarter was down 14.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. On average, research analysts expect that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on PCH shares. Wall Street Zen downgraded Potlatch from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Truist Financial upgraded Potlatch from a “hold” rating to a “buy” rating and increased their price target for the company from $44.00 to $52.00 in a report on Wednesday, July 16th. Finally, Citigroup reiterated a “buy” rating and issued a $47.00 price target (down from $49.00) on shares of Potlatch in a report on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.00.

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.