5,153 Shares in Potlatch Corporation $PCH Bought by M&G PLC

M&G PLC purchased a new stake in Potlatch Corporation (NASDAQ:PCH) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,153 shares of the real estate investment trust’s stock, valued at approximately $196,000.

Several other large investors have also bought and sold shares of the stock. Deutsche Bank AG boosted its holdings in Potlatch by 472.1% during the 1st quarter. Deutsche Bank AG now owns 908,253 shares of the real estate investment trust’s stock worth $40,980,000 after acquiring an additional 749,491 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Potlatch by 254.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 876,480 shares of the real estate investment trust’s stock valued at $39,547,000 after purchasing an additional 629,334 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Potlatch during the first quarter worth about $19,176,000. Russell Investments Group Ltd. boosted its holdings in Potlatch by 51.8% during the first quarter. Russell Investments Group Ltd. now owns 819,782 shares of the real estate investment trust’s stock worth $36,989,000 after purchasing an additional 279,654 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Potlatch by 130.0% in the 1st quarter. AQR Capital Management LLC now owns 485,689 shares of the real estate investment trust’s stock worth $21,691,000 after purchasing an additional 274,535 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PCH has been the topic of several recent analyst reports. Wall Street Zen cut shares of Potlatch from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $48.00 price target on shares of Potlatch in a research report on Monday. Truist Financial dropped their price target on Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Citigroup cut their price objective on Potlatch from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, DA Davidson restated a “neutral” rating and issued a $40.00 price objective (down previously from $54.00) on shares of Potlatch in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.50.

Potlatch Trading Up 0.5%

NASDAQ:PCH opened at $40.09 on Friday. Potlatch Corporation has a 12 month low of $36.82 and a 12 month high of $48.12. The company has a current ratio of 1.13, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $41.15 and its 200 day moving average is $40.60. The stock has a market capitalization of $3.10 billion, a PE ratio of 75.64 and a beta of 1.11.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings data 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 during the quarter. Potlatch had a return on equity of 2.10% and a net margin of 3.94%. Sell-side analysts expect that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 annualized dividend and a yield of 4.5%. Potlatch’s dividend payout ratio (DPR) is 219.51%.

About Potlatch

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.