Potlatch Corporation $PCH Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in shares of Potlatch Corporation (NASDAQ:PCH) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,156 shares of the real estate investment trust’s stock after selling 534 shares during the quarter. Yousif Capital Management LLC’s holdings in Potlatch were worth $927,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. MGO One Seven LLC increased its stake in shares of Potlatch by 10.1% during the second quarter. MGO One Seven LLC now owns 6,470 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 591 shares during the period. CWM LLC increased its stake in shares of Potlatch by 83.9% during the second quarter. CWM LLC now owns 9,734 shares of the real estate investment trust’s stock valued at $373,000 after acquiring an additional 4,440 shares during the period. Comprehensive Money Management Services LLC increased its stake in shares of Potlatch by 19.4% during the second quarter. Comprehensive Money Management Services LLC now owns 11,390 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 1,850 shares during the period. Columbus Macro LLC acquired a new position in shares of Potlatch during the second quarter valued at approximately $1,701,000. Finally, Abel Hall LLC acquired a new position in shares of Potlatch during the second quarter valued at approximately $213,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on PCH shares. Citigroup reiterated a “neutral” rating and set a $45.00 price objective (down previously from $49.00) on shares of Potlatch in a research note on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Potlatch in a research note on Wednesday, October 8th. Zacks Research lowered shares of Potlatch from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Truist Financial lowered their price objective on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Wall Street Zen lowered shares of Potlatch from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Potlatch currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.33.

Potlatch Trading Up 1.1%

Potlatch stock opened at $42.53 on Wednesday. The company has a 50 day moving average price of $41.74 and a 200 day moving average price of $40.42. Potlatch Corporation has a 52 week low of $36.82 and a 52 week high of $48.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.75 and a current ratio of 1.13. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 80.25 and a beta of 1.10.

Potlatch (NASDAQ:PCH) last posted its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 EPS for the quarter. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. The firm had revenue of $354.19 million during the quarter. Research analysts forecast that Potlatch Corporation will post 0.8 EPS for the current year.

Potlatch Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.2%. Potlatch’s dividend payout ratio (DPR) is 339.62%.

Potlatch Company Profile

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.