Deprince Race & Zollo Inc. Has $94.51 Million Position in Potlatch Corporation $PCH

Deprince Race & Zollo Inc. lessened its holdings in Potlatch Corporation (NASDAQ:PCH) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,319,288 shares of the real estate investment trust’s stock after selling 15,855 shares during the quarter. Potlatch makes up 1.9% of Deprince Race & Zollo Inc.’s holdings, making the stock its 4th largest holding. Deprince Race & Zollo Inc. owned about 3.00% of Potlatch worth $94,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in shares of Potlatch during the second quarter valued at $217,543,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Potlatch by 254.6% during 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 in the last quarter. Westwood Holdings Group Inc. boosted its position in Potlatch by 19.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,792,075 shares of the real estate investment trust’s stock valued at $107,132,000 after buying an additional 461,356 shares during the period. Ameriprise Financial Inc. grew its stake in Potlatch by 74.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,027,190 shares of the real estate investment trust’s stock worth $39,413,000 after acquiring an additional 438,032 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new position in shares of Potlatch during the first quarter worth approximately $19,176,000. 86.06% of the stock is currently owned by institutional investors.

Potlatch Stock Up 0.1%

Shares of NASDAQ PCH opened at $40.08 on Friday. Potlatch Corporation has a 12-month low of $36.82 and a 12-month high of $48.12. The stock’s fifty day simple moving average is $40.13 and its two-hundred day simple moving average is $40.77. The stock has a market capitalization of $3.10 billion, a PE ratio of 48.88 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 (NASDAQ:PCH) last issued its quarterly earnings data 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 3.38% and a net margin of 5.76%.The firm had revenue of $354.19 million during the quarter. As a group, analysts expect that Potlatch Corporation will post 0.8 EPS for the current fiscal year.

Potlatch Announces Dividend

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

Analyst Ratings Changes

PCH has been the subject of several research analyst reports. Truist Financial decreased their price target 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. Weiss Ratings restated a “hold (c)” rating on shares of Potlatch in a report on Wednesday, October 8th. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. DA Davidson reissued a “neutral” rating and set a $40.00 price target (down previously from $54.00) on shares of Potlatch in a research report on Thursday, November 13th. Finally, Bank of America lowered Potlatch from a “buy” rating to an “underperform” rating and cut their price target for the company from $49.00 to $46.00 in a research note on Monday, November 17th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Potlatch currently has a consensus rating of “Hold” and an average price target of $45.80.

Insider Activity

In other news, VP Darin Robert Ball sold 4,127 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $39.30, for a total transaction of $162,191.10. Following the transaction, the vice president directly owned 49,054 shares of the company’s stock, valued at approximately $1,927,822.20. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Ashlee Townsend Cribb sold 4,756 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $39.35, for a total value of $187,148.60. Following the completion of the sale, the vice president directly owned 39,619 shares of the company’s stock, valued at $1,559,007.65. The trade was a 10.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 42,278 shares of company stock worth $1,663,143 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Potlatch Profile

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.