Advisors Preferred LLC Purchases Shares of 103,860 Potlatch Corporation $PCH

Advisors Preferred LLC acquired a new position in shares of Potlatch Corporation (NASDAQ:PCH) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 103,860 shares of the real estate investment trust’s stock, valued at approximately $4,232,000. Advisors Preferred LLC owned approximately 0.13% of Potlatch as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PCH. AMG National Trust Bank boosted its stake in Potlatch by 10.2% in the 3rd quarter. AMG National Trust Bank now owns 41,332 shares of the real estate investment trust’s stock worth $1,684,000 after purchasing an additional 3,822 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Potlatch by 179.6% in the third quarter. King Luther Capital Management Corp now owns 33,015 shares of the real estate investment trust’s stock valued at $1,345,000 after purchasing an additional 21,207 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Potlatch by 2.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 50,416 shares of the real estate investment trust’s stock valued at $2,054,000 after purchasing an additional 1,355 shares in the last quarter. BTC Capital Management Inc. acquired a new position in shares of Potlatch during the third quarter worth about $216,000. Finally, Lynx Investment Advisory bought a new position in shares of Potlatch during the third quarter worth about $232,000. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup boosted their target price on Potlatch from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. BMO Capital Markets cut shares of Potlatch from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $51.00 to $45.00 in a research note on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Potlatch in a research report on Thursday, January 22nd. Bank of America cut shares of Potlatch from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $49.00 to $46.00 in a report on Monday, November 17th. Finally, Zacks Research raised shares of Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.83.

Insider Transactions at Potlatch

In other news, CEO Eric J. Cremers sold 24,123 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $39.33, for a total value of $948,757.59. Following the completion of the sale, the chief executive officer directly owned 296,043 shares of the company’s stock, valued at $11,643,371.19. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Darin Robert Ball sold 4,127 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $39.30, for a total value of $162,191.10. Following the transaction, the vice president directly owned 49,054 shares in the company, valued at $1,927,822.20. The trade was a 7.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 43,569 shares of company stock valued at $1,715,897. Company insiders own 1.00% of the company’s stock.

Potlatch Stock Performance

NASDAQ PCH opened at $41.73 on Friday. The firm has a market capitalization of $3.23 billion, a P/E ratio of 50.89 and a beta of 1.09. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average price is $41.72 and its two-hundred day moving average price is $41.31. Potlatch Corporation has a 1 year low of $36.82 and a 1 year high of $48.12.

Potlatch Announces Dividend

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

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.