Potlatch (NASDAQ:PCH) CAO Glen Smith Sells 738 Shares

Potlatch Corporation (NASDAQ:PCH) CAO Glen Smith sold 738 shares of Potlatch stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $41.80, for a total transaction of $30,848.40. Following the transaction, the chief accounting officer directly owned 8,159 shares of the company’s stock, valued at approximately $341,046.20. This trade represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Potlatch Stock Performance

Shares of NASDAQ PCH opened at $42.83 on Tuesday. The company has a market capitalization of $3.31 billion, a PE ratio of 52.23 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.26 and a current ratio of 1.96. The company’s fifty day moving average price is $39.96 and its 200 day moving average price is $40.92. Potlatch Corporation has a 1 year low of $36.82 and a 1 year high of $48.12.

Potlatch (NASDAQ:PCH) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.21. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. The company had revenue of $314.18 million during the quarter, compared to analysts’ expectations of $308.13 million. On average, research analysts predict that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a yield of 4.2%. Potlatch’s dividend payout ratio is presently 219.51%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in shares of Potlatch by 32.3% during the 2nd quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 279 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Potlatch by 27.1% in the third quarter. GAMMA Investing LLC now owns 1,378 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 294 shares in the last quarter. CWM LLC raised its holdings in shares of Potlatch by 4.3% during the 3rd quarter. CWM LLC now owns 10,155 shares of the real estate investment trust’s stock valued at $414,000 after buying an additional 421 shares during the period. Marathon Capital Management lifted its position in Potlatch by 4.3% during the 3rd quarter. Marathon Capital Management now owns 12,020 shares of the real estate investment trust’s stock worth $490,000 after acquiring an additional 500 shares in the last quarter. Finally, Fiduciary Counselling Inc. boosted its holdings in Potlatch by 0.4% in the 2nd quarter. Fiduciary Counselling Inc. now owns 117,237 shares of the real estate investment trust’s stock worth $4,498,000 after acquiring an additional 521 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup cut their price objective on Potlatch from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Bank of America cut shares of Potlatch from a “buy” rating to an “underperform” rating and dropped their price target for the company from $49.00 to $46.00 in a research note on Monday, November 17th. BMO Capital Markets cut shares of Potlatch from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $51.00 to $45.00 in a research report on Thursday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $48.00 price objective on shares of Potlatch in a report on Monday, November 10th. Finally, Truist Financial dropped their target price 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. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Potlatch presently has a consensus rating of “Hold” and a consensus price target of $45.67.

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.