Invictus Private Wealth LLC Reduces Stock Position in Potlatch Corporation $PCH

Invictus Private Wealth LLC reduced its position in shares of Potlatch Corporation (NASDAQ:PCH) by 18.9% in the second quarter, HoldingsChannel.com reports. The firm owned 15,400 shares of the real estate investment trust’s stock after selling 3,600 shares during the period. Invictus Private Wealth LLC’s holdings in Potlatch were worth $591,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PCH. Harbor Capital Advisors Inc. boosted its holdings in shares of Potlatch by 168.1% during the first quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 417 shares during the period. Costello Asset Management INC purchased a new stake in Potlatch in the first quarter worth about $30,000. UMB Bank n.a. lifted its holdings in Potlatch by 41.6% in the first quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 254 shares during the period. GAMMA Investing LLC lifted its holdings in Potlatch by 61.1% in the second quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 411 shares during the period. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Potlatch in the first quarter worth about $52,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Potlatch Trading Down 2.1%

NASDAQ:PCH opened at $40.75 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47. Potlatch Corporation has a 12 month low of $36.82 and a 12 month high of $48.12. The company has a market cap of $3.15 billion, a PE ratio of 76.89 and a beta of 1.10. The company has a 50 day simple moving average of $41.86 and a two-hundred day simple moving average of $40.54.

Potlatch (NASDAQ:PCH) last issued its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share for the quarter. The business had revenue of $354.19 million for the quarter. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. Research analysts forecast that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, September 15th. Potlatch’s dividend payout ratio (DPR) is currently 339.62%.

Analyst Ratings Changes

Several analysts have commented on PCH shares. Wall Street Zen lowered shares of Potlatch from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Truist Financial upgraded shares of Potlatch from a “hold” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $52.00 in a report on Wednesday, July 16th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Potlatch in a report on Wednesday. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Potlatch has a consensus rating of “Moderate Buy” and a consensus target price of $49.83.

Potlatch Profile

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.