Legato Capital Management LLC acquired a new position in Potlatch Corporation (NASDAQ:PCH) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,143 shares of the real estate investment trust’s stock, valued at approximately $313,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. D.A. Davidson & CO. grew its holdings in shares of Potlatch Corporation by 19.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 423 shares during the last quarter. LS Investment Advisors LLC grew its holdings in shares of Potlatch Corporation by 18.2% during the second quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 483 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Potlatch Corporation by 75.3% during the second quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 1,431 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of Potlatch Corporation by 68.8% during the second quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 1,802 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in shares of Potlatch Corporation during the second quarter valued at $210,000. 84.27% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: “6,143 Shares in Potlatch Corporation (PCH) Purchased by Legato Capital Management LLC” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another site, it was illegally stolen and reposted in violation of United States & international copyright laws. The legal version of this story can be accessed at https://ledgergazette.com/2017/11/13/legato-capital-management-llc-takes-313000-position-in-potlatch-corporation-pch.html.
A number of research analysts have commented on the company. Zacks Investment Research upgraded Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a research note on Friday, July 28th. DA Davidson boosted their price target on Potlatch Corporation to $47.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 24th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 price target on shares of Potlatch Corporation in a research report on Monday, July 31st. BidaskClub cut Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Bank of America Corporation boosted their price objective on Potlatch Corporation from $50.00 to $54.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.40.
Potlatch Corporation (NASDAQ:PCH) traded up $0.50 during midday trading on Monday, reaching $52.60. The company had a trading volume of 643,500 shares, compared to its average volume of 308,984. Potlatch Corporation has a 1-year low of $38.35 and a 1-year high of $56.35. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.72 and a current ratio of 2.17. The company has a market cap of $2,136.13, a price-to-earnings ratio of 23.48, a PEG ratio of 4.15 and a beta of 1.45.
Potlatch Corporation (NASDAQ:PCH) last posted its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. Potlatch Corporation had a return on equity of 54.42% and a net margin of 13.54%. The firm had revenue of $190.40 million for the quarter, compared to the consensus estimate of $187.29 million. During the same quarter in the prior year, the business earned $0.68 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. research analysts anticipate that Potlatch Corporation will post 2.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.04%. This is an increase from Potlatch Corporation’s previous quarterly dividend of $0.38. Potlatch Corporation’s dividend payout ratio is 69.12%.
Potlatch Corporation Company Profile
Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.
Receive News & Ratings for Potlatch Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch Corporation and related companies with MarketBeat.com's FREE daily email newsletter.