Potlatch (NASDAQ:PCH) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Potlatch Corporation (NASDAQ:PCH)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $41.31 and traded as high as $42.87. Potlatch shares last traded at $41.73, with a volume of 13,280,700 shares traded.

Analysts Set New Price Targets

PCH has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Potlatch in a research note on Thursday, January 22nd. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. DA Davidson restated a “neutral” rating and set a $40.00 price target (down from $54.00) on shares of Potlatch in a research note on Thursday, November 13th. BMO Capital Markets downgraded Potlatch from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $51.00 to $45.00 in a report on Thursday, January 8th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $48.00 price objective on shares of Potlatch in a research note on Monday, November 10th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Potlatch has a consensus rating of “Hold” and a consensus price target of $45.83.

Potlatch Stock Up 0.0%

The firm has a 50-day simple moving average of $41.35 and a 200 day simple moving average of $41.31. The company has a market capitalization of $3.23 billion, a PE ratio of 50.89 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.96 and a quick ratio of 1.26.

Potlatch Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.80 annualized dividend and a yield of 4.3%. Potlatch’s payout ratio is 219.51%.

Insider Transactions at Potlatch

In other Potlatch news, VP William R. Dereu sold 3,278 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $39.33, for a total value of $128,923.74. Following the completion of the sale, the vice president owned 73,845 shares of the company’s stock, valued at $2,904,323.85. This trade represents a 4.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Darin Robert Ball sold 4,127 shares of Potlatch stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $39.30, for a total transaction of $162,191.10. Following the sale, the vice president owned 49,054 shares in the company, valued at $1,927,822.20. This represents a 7.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 43,569 shares of company stock worth $1,715,897 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Potlatch

Institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Potlatch by 27.1% in the 3rd 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 during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Potlatch by 57.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,133 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 414 shares in the last quarter. CWM LLC lifted its stake in shares of Potlatch by 4.3% in the third quarter. CWM LLC now owns 10,155 shares of the real estate investment trust’s stock worth $414,000 after acquiring an additional 421 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Potlatch by 3.0% in the fourth quarter. ProShare Advisors LLC now owns 16,923 shares of the real estate investment trust’s stock valued at $673,000 after purchasing an additional 494 shares during the last quarter. Finally, Marathon Capital Management grew its stake 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 valued at $490,000 after purchasing an additional 500 shares in the last quarter. 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.