MGO One Seven LLC Grows Stock Position in Potlatch Corporation $PCH

MGO One Seven LLC boosted its stake in Potlatch Corporation (NASDAQ:PCH) by 10.1% in the second quarter, Holdings Channel.com reports. The firm owned 6,470 shares of the real estate investment trust’s stock after acquiring an additional 591 shares during the quarter. MGO One Seven LLC’s holdings in Potlatch were worth $248,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CWM LLC grew 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 grew its position in Potlatch by 19.4% during the second quarter. Comprehensive Money Management Services LLC now owns 11,390 shares of the real estate investment trust’s stock valued at $437,000 after acquiring an additional 1,850 shares during the period. Columbus Macro LLC acquired a new stake in Potlatch during the second quarter worth about $1,701,000. Abel Hall LLC purchased a new position in shares of Potlatch in the 2nd quarter worth about $213,000. Finally, KLP Kapitalforvaltning AS lifted its stake in shares of Potlatch by 6.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 16,024 shares of the real estate investment trust’s stock valued at $615,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Potlatch Price Performance

Shares of PCH stock opened at $42.07 on Tuesday. The firm has a market cap of $3.25 billion, a P/E ratio of 79.38 and a beta of 1.10. The firm has a fifty day moving average of $41.75 and a two-hundred day moving average of $40.40. 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 Corporation has a 1-year low of $36.82 and a 1-year high of $48.12.

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. Potlatch had a return on equity of 2.10% and a net margin of 3.94%.The firm had revenue of $354.19 million during the quarter. As a group, research analysts anticipate 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 issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, September 15th. Potlatch’s dividend payout ratio is 339.62%.

Wall Street Analyst Weigh In

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

Potlatch Company 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.