Potlatch Corporation $PCH Shares Purchased by Cwm LLC

Cwm LLC increased its stake in shares of Potlatch Corporation (NASDAQ:PCH) by 83.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,734 shares of the real estate investment trust’s stock after purchasing an additional 4,440 shares during the period. Cwm LLC’s holdings in Potlatch were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PCH. Charles Schwab Investment Management Inc. grew its holdings in shares of Potlatch by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,560,123 shares of the real estate investment trust’s stock valued at $70,393,000 after purchasing an additional 17,352 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Potlatch by 472.1% in the 1st quarter. Deutsche Bank AG now owns 908,253 shares of the real estate investment trust’s stock valued at $40,980,000 after acquiring an additional 749,491 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Potlatch by 254.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 876,480 shares of the real estate investment trust’s stock valued at $39,547,000 after buying an additional 629,334 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Potlatch by 51.8% during the 1st quarter. Russell Investments Group Ltd. now owns 819,782 shares of the real estate investment trust’s stock worth $36,989,000 after purchasing an additional 279,654 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Potlatch by 130.0% in the 1st quarter. AQR Capital Management LLC now owns 485,689 shares of the real estate investment trust’s stock worth $21,691,000 after buying an additional 274,535 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Potlatch Price Performance

Shares of PCH stock opened at $42.54 on Friday. The stock’s fifty day moving average is $41.66 and its 200-day moving average is $40.49. 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 stock has a market capitalization of $3.29 billion, a PE ratio of 80.26 and a beta of 1.10. Potlatch Corporation has a 52 week low of $36.82 and a 52 week high of $48.12.

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

Potlatch Announces Dividend

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

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.