Potlatch (NASDAQ:PCH) VP Sells $170,940.48 in Stock

Potlatch Corporation (NASDAQ:PCH) VP Michele Tyler sold 4,343 shares of Potlatch stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $39.36, for a total value of $170,940.48. Following the completion of the transaction, the vice president directly owned 42,184 shares of the company’s stock, valued at $1,660,362.24. This represents a 9.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Potlatch Stock Up 0.7%

Shares of NASDAQ PCH opened at $40.03 on Friday. Potlatch Corporation has a 12-month low of $36.82 and a 12-month high of $48.12. The firm’s 50-day simple moving average is $40.18 and its 200 day simple moving average is $40.76. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.53. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 48.81 and a beta of 1.10.

Potlatch (NASDAQ:PCH) last announced its earnings results on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share for the quarter. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. The company had revenue of $354.19 million during the quarter. On average, research analysts expect that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, December 15th. Potlatch’s payout ratio is 219.51%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PCH shares. DA Davidson reissued a “neutral” rating and issued a $40.00 target price (down from $54.00) on shares of Potlatch in a research note on Thursday, November 13th. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Potlatch in a report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $48.00 target price on shares of Potlatch in a research note on Monday, November 10th. Finally, Truist Financial lowered their price target on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $45.80.

Hedge Funds Weigh In On Potlatch

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC increased its stake in shares of Potlatch by 216.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,184 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 810 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in Potlatch during the third quarter valued at approximately $341,000. Adelante Capital Management LLC grew its holdings in Potlatch by 9.7% during the third quarter. Adelante Capital Management LLC now owns 53,345 shares of the real estate investment trust’s stock valued at $2,174,000 after purchasing an additional 4,723 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in Potlatch by 8.8% in the third quarter. CANADA LIFE ASSURANCE Co now owns 42,825 shares of the real estate investment trust’s stock valued at $1,724,000 after purchasing an additional 3,456 shares in the last quarter. Finally, Verition Fund Management LLC raised its holdings in Potlatch by 200.3% in the third quarter. Verition Fund Management LLC now owns 94,116 shares of the real estate investment trust’s stock worth $3,835,000 after purchasing an additional 62,774 shares during the period. Institutional investors own 86.06% of the company’s stock.

About Potlatch

PotlatchDeltic Corporation, which trades on the NASDAQ under the ticker PCH, is a real estate investment trust (REIT) specializing in the ownership and sustainable management of timberland. Headquartered in Spokane, Washington, the company holds approximately two million acres of forested land across the United States. Its integrated business model combines timberland stewardship with manufacturing and marketing of wood products to serve residential, agricultural and industrial markets.

In its timberland segment, PotlatchDeltic focuses on responsible forest management practices, including reforestation, habitat conservation and wildfire mitigation.