Potlatch Corporation $PCH Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in Potlatch Corporation (NASDAQ:PCH) by 13.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 361,590 shares of the real estate investment trust’s stock after buying an additional 41,821 shares during the period. Fisher Asset Management LLC owned 0.47% of Potlatch worth $14,735,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Coastline Trust Co bought a new position in shares of Potlatch during the third quarter worth about $26,000. Hantz Financial Services Inc. boosted its stake in Potlatch by 611.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 719 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 618 shares during the period. GAMMA Investing LLC grew 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 worth $56,000 after purchasing an additional 294 shares during the last quarter. Optiver Holding B.V. bought a new position in Potlatch in the 3rd quarter worth about $80,000. Finally, M&G PLC acquired a new stake in shares of Potlatch in the second quarter valued at approximately $196,000. 86.06% of the stock is currently owned by institutional investors.

Potlatch Trading Up 0.0%

Shares of PCH stock opened at $41.73 on Thursday. The stock has a 50-day simple moving average of $41.98 and a 200 day simple moving average of $41.24. The stock has a market capitalization of $3.23 billion, a P/E ratio of 50.89 and a beta of 1.09. Potlatch Corporation has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.53.

Potlatch Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on PCH. Bank of America downgraded Potlatch from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $49.00 to $46.00 in a research report on Monday, November 17th. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Citigroup increased their price target on Potlatch from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. DA Davidson restated a “neutral” rating and set a $40.00 price objective (down from $54.00) on shares of Potlatch in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Potlatch in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.83.

Insiders Place Their Bets

In other Potlatch news, VP William R. Dereu sold 3,278 shares of Potlatch 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 transaction, the vice president owned 73,845 shares in the company, valued at approximately $2,904,323.85. The trade was a 4.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric J. Cremers sold 24,123 shares of the stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $39.33, for a total value of $948,757.59. Following the sale, the chief executive officer owned 296,043 shares of the company’s stock, valued at $11,643,371.19. This trade represents a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 43,569 shares of company stock worth $1,715,897. Company insiders own 1.00% 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.