Universal Beteiligungs und Servicegesellschaft mbH Purchases 11,247 Shares of Potlatch Corporation $PCH

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Potlatch Corporation (NASDAQ:PCH) by 22.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,065 shares of the real estate investment trust’s stock after purchasing an additional 11,247 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Potlatch were worth $2,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its position in Potlatch by 32.3% during the 2nd quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 279 shares during the period. GAMMA Investing LLC increased its position in Potlatch by 61.1% during the second quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 411 shares during the period. Quarry LP raised its stake in Potlatch by 70.9% in the 1st quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 494 shares in the last quarter. Fiduciary Counselling Inc. boosted its holdings in Potlatch by 0.4% in the 2nd quarter. Fiduciary Counselling Inc. now owns 117,237 shares of the real estate investment trust’s stock valued at $4,498,000 after purchasing an additional 521 shares during the period. Finally, Focus Partners Wealth boosted its holdings in Potlatch by 8.9% in the 1st quarter. Focus Partners Wealth now owns 6,920 shares of the real estate investment trust’s stock valued at $312,000 after purchasing an additional 565 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

Potlatch Stock Down 1.6%

NASDAQ PCH opened at $38.84 on Tuesday. The business has a fifty day moving average price of $40.72 and a two-hundred day moving average price of $40.66. The stock has a market capitalization of $3.00 billion, a PE ratio of 73.28 and a beta of 1.11. Potlatch Corporation has a fifty-two week low of $36.82 and a fifty-two week 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.

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

Potlatch Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 annualized dividend and a yield of 4.6%. Potlatch’s payout ratio is presently 219.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Potlatch in a research report on Wednesday, October 8th. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Truist Financial dropped their price objective on Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a report on Monday, October 13th. Wall Street Zen lowered Potlatch from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Finally, Citigroup decreased their price target on Potlatch from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Potlatch presently has a consensus rating of “Hold” and an average target price of $46.43.

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.