Potlatch (NASDAQ:PCH) VP Sells $187,148.60 in Stock

Potlatch Corporation (NASDAQ:PCH) VP Ashlee Townsend Cribb sold 4,756 shares of the stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $39.35, for a total transaction of $187,148.60. Following the completion of the transaction, the vice president directly owned 39,619 shares of the company’s stock, valued at approximately $1,559,007.65. This trade represents a 10.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Potlatch Price Performance

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

Potlatch (NASDAQ:PCH) last released its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share for the quarter. The firm had revenue of $354.19 million during the quarter. Potlatch had a return on equity of 3.38% and a net margin of 5.76%. As a group, equities analysts expect that Potlatch Corporation will post 0.8 EPS for the current fiscal year.

Potlatch Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PCH shares. Weiss Ratings restated a “hold (c)” rating on shares of Potlatch in a report on Wednesday, October 8th. Citigroup lowered their price target on shares of Potlatch from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Truist Financial dropped their price objective on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, October 13th. 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, Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.80.

Hedge Funds Weigh In On Potlatch

A number of institutional investors have recently modified their holdings of PCH. Coastline Trust Co acquired a new stake in Potlatch during the third quarter worth approximately $26,000. Hantz Financial Services Inc. lifted its stake in shares of Potlatch by 611.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 719 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 618 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Potlatch by 61.1% during the second quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 411 shares during the last quarter. UMB Bank n.a. grew its position in shares of Potlatch by 32.3% in the second quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 279 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in shares of Potlatch by 216.6% in the third quarter. CIBC Private Wealth Group LLC now owns 1,184 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 810 shares during the period. Institutional investors and hedge funds 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.