Yousif Capital Management LLC Has $927,000 Position in Potlatch Corporation $PCH

Yousif Capital Management LLC lowered its stake in shares of Potlatch Corporation (NASDAQ:PCH) by 2.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 24,156 shares of the real estate investment trust’s stock after selling 534 shares during the period. Yousif Capital Management LLC’s holdings in Potlatch were worth $927,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. MGO One Seven LLC boosted its stake in shares of Potlatch by 10.1% during the 2nd quarter. MGO One Seven LLC now owns 6,470 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 591 shares during the period. CWM LLC boosted its stake in shares of Potlatch by 83.9% during the 2nd quarter. CWM LLC now owns 9,734 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 4,440 shares during the period. Comprehensive Money Management Services LLC boosted its stake in shares of Potlatch by 19.4% during the 2nd quarter. Comprehensive Money Management Services LLC now owns 11,390 shares of the real estate investment trust’s stock valued at $437,000 after buying an additional 1,850 shares during the period. Columbus Macro LLC acquired a new stake in shares of Potlatch during the 2nd quarter valued at $1,701,000. Finally, Abel Hall LLC acquired a new stake in shares of Potlatch in the 2nd quarter valued at $213,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Ratings Changes

PCH has been the subject of several analyst reports. Truist Financial reduced their price objective on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Wall Street Zen lowered shares of Potlatch from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Zacks Research lowered shares of Potlatch from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Citigroup reaffirmed a “neutral” rating and issued a $45.00 price objective (down previously from $49.00) on shares of Potlatch in a research note on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Potlatch in a research note on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Potlatch Stock Performance

Shares of PCH opened at $42.53 on Wednesday. The company has a market capitalization of $3.29 billion, a PE ratio of 80.25 and a beta of 1.10. Potlatch Corporation has a one year low of $36.82 and a one year high of $48.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.75. The company’s fifty day moving average price is $41.74 and its 200 day moving average price is $40.42.

Potlatch (NASDAQ:PCH) last announced its earnings results on Friday, May 6th. The real estate investment trust reported $1.94 EPS for the quarter. The firm 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%. As a group, analysts expect that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, September 15th. Potlatch’s dividend payout ratio (DPR) is 339.62%.

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.