Potlatch Corporation (NASDAQ:PCH) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its position in Potlatch Corporation (NASDAQ:PCH) by 8.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,428 shares of the real estate investment trust’s stock after acquiring an additional 898 shares during the quarter. Cetera Investment Advisers’ holdings in Potlatch were worth $516,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Westwood Holdings Group Inc. boosted its holdings in shares of Potlatch by 12.2% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust’s stock valued at $94,360,000 after acquiring an additional 260,674 shares during the period. Deprince Race & Zollo Inc. raised its stake in shares of Potlatch by 17.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust’s stock worth $92,623,000 after purchasing an additional 351,777 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of Potlatch by 1.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,413,351 shares of the real estate investment trust’s stock worth $55,474,000 after purchasing an additional 19,521 shares during the last quarter. Northern Trust Corp raised its stake in shares of Potlatch by 8.7% during the fourth quarter. Northern Trust Corp now owns 1,233,250 shares of the real estate investment trust’s stock worth $48,405,000 after purchasing an additional 98,914 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Potlatch by 2.3% during the fourth quarter. Wellington Management Group LLP now owns 1,061,497 shares of the real estate investment trust’s stock worth $41,664,000 after purchasing an additional 23,975 shares during the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

Potlatch Stock Performance

Shares of NASDAQ:PCH opened at $42.96 on Friday. The company has a market cap of $3.32 billion, a P/E ratio of 81.06 and a beta of 1.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.75 and a current ratio of 1.13. Potlatch Corporation has a one year low of $36.82 and a one year high of $48.12. The business’s 50-day simple moving average is $40.62 and its 200 day simple moving average is $41.51.

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

Analyst Ratings Changes

Several research firms have recently commented on PCH. Truist Financial upgraded Potlatch from a “hold” rating to a “buy” rating and upped their price target for the stock from $44.00 to $52.00 in a research note on Wednesday, July 16th. Wall Street Zen cut Potlatch from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Finally, Citigroup restated a “buy” rating and set a $47.00 price target (down previously from $49.00) on shares of Potlatch in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.