Potlatch Corporation $PCH Stock Holdings Lifted by Cetera Investment Advisers

Cetera Investment Advisers raised its position in shares of Potlatch Corporation (NASDAQ:PCH) by 274.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,799 shares of the real estate investment trust’s stock after purchasing an additional 31,371 shares during the period. Cetera Investment Advisers owned 0.06% of Potlatch worth $1,642,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Federated Hermes Inc. increased its holdings in Potlatch by 105.2% in the first quarter. Federated Hermes Inc. now owns 6,789 shares of the real estate investment trust’s stock worth $306,000 after buying an additional 3,481 shares during the last quarter. Natixis Advisors LLC grew its position in Potlatch by 136.0% in the first quarter. Natixis Advisors LLC now owns 29,200 shares of the real estate investment trust’s stock worth $1,318,000 after acquiring an additional 16,829 shares in the last quarter. US Bancorp DE increased its stake in shares of Potlatch by 16.1% during the 1st quarter. US Bancorp DE now owns 16,536 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 2,296 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Potlatch by 9.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 17,548 shares of the real estate investment trust’s stock worth $792,000 after purchasing an additional 1,547 shares during the last quarter. Finally, Blair William & Co. IL bought a new position in shares of Potlatch during the 1st quarter valued at $320,000. Institutional investors own 86.06% of the company’s stock.

Potlatch Stock Up 0.4%

Shares of PCH opened at $40.19 on Monday. The company has a 50-day simple moving average of $40.69 and a 200-day simple moving average of $40.67. The firm has a market capitalization of $3.11 billion, a P/E ratio of 75.83 and a beta of 1.11. 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 52 week low of $36.82 and a 52 week high of $48.12.

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

Analyst Ratings Changes

PCH has been the subject of a number of recent research reports. DA Davidson reiterated a “neutral” rating and issued a $40.00 price objective (down from $54.00) on shares of Potlatch in a report on Thursday, November 13th. Citigroup lowered their price target on Potlatch from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Wednesday, November 12th. Truist Financial dropped their price target on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Potlatch in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $48.00 target price on shares of Potlatch in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $46.43.

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.