Saturna Capital Corp Purchases 1,640 Shares of Potlatch Corporation $PCH

Saturna Capital Corp increased its holdings in shares of Potlatch Corporation (NASDAQ:PCH) by 13.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,280 shares of the real estate investment trust’s stock after acquiring an additional 1,640 shares during the period. Saturna Capital Corp’s holdings in Potlatch were worth $548,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Westwood Holdings Group Inc. boosted its stake in Potlatch by 19.8% in the second quarter. Westwood Holdings Group Inc. now owns 2,792,075 shares of the real estate investment trust’s stock worth $107,132,000 after purchasing an additional 461,356 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Potlatch by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,560,123 shares of the real estate investment trust’s stock valued at $70,393,000 after buying an additional 17,352 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Potlatch by 472.1% in the first quarter. Deutsche Bank AG now owns 908,253 shares of the real estate investment trust’s stock valued at $40,980,000 after buying 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 Potlatch by 254.6% during the 1st 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 worth $39,547,000 after buying an additional 629,334 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Potlatch by 51.8% during the 1st quarter. Russell Investments Group Ltd. now owns 819,782 shares of the real estate investment trust’s stock worth $36,989,000 after buying an additional 279,654 shares in the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on PCH. Wall Street Zen cut shares of Potlatch from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Citigroup lowered their price target on shares of Potlatch from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. 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 report on Thursday, November 13th. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $48.00 target price on shares of Potlatch in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.43.

Potlatch Stock Performance

Shares of Potlatch stock opened at $38.21 on Wednesday. The firm has a fifty day moving average of $40.92 and a two-hundred day moving average of $40.63. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 72.09 and a beta of 1.11. Potlatch Corporation has a 52 week low of $36.82 and a 52 week high of $48.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.75 and a current ratio of 1.13.

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

Potlatch Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.7%. Potlatch’s dividend payout ratio is 219.51%.

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.