SG Americas Securities LLC reduced its stake in shares of Potlatch Corporation (NASDAQ:PCH) by 35.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,417 shares of the real estate investment trust’s stock after selling 3,476 shares during the quarter. SG Americas Securities LLC’s holdings in Potlatch were worth $327,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its holdings in shares of Potlatch by 19.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 423 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Potlatch by 75.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 1,431 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of Potlatch by 68.8% during the 2nd quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock worth $202,000 after purchasing an additional 1,802 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Potlatch during the 3rd quarter worth $206,000. Finally, Laurion Capital Management LP acquired a new stake in shares of Potlatch during the 2nd quarter worth $210,000. 84.78% of the stock is currently owned by institutional investors.
Shares of Potlatch Corporation (NASDAQ:PCH) opened at $51.25 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.17 and a quick ratio of 1.72. The firm has a market capitalization of $2,090.00, a PE ratio of 22.77, a P/E/G ratio of 4.27 and a beta of 1.44. Potlatch Corporation has a 12 month low of $39.05 and a 12 month high of $56.35.
Potlatch (NASDAQ:PCH) last posted its earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $190.40 million during the quarter, compared to the consensus estimate of $187.29 million. Potlatch had a return on equity of 54.42% and a net margin of 13.54%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. equities analysts predict that Potlatch Corporation will post 2.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.40 dividend. The ex-dividend date is Thursday, December 7th. This is an increase from Potlatch’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.12%. Potlatch’s dividend payout ratio (DPR) is currently 74.07%.
Several research firms have recently issued reports on PCH. Vertical Research lowered Potlatch from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub lowered Potlatch from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Bank of America increased their target price on Potlatch from $50.00 to $54.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. BMO Capital Markets reaffirmed a “hold” rating on shares of Potlatch in a research note on Monday, October 23rd. Finally, Zacks Investment Research raised Potlatch from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective on the stock in a research note on Thursday, October 26th. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $49.40.
In other Potlatch news, VP William R. Dereu sold 4,720 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $52.50, for a total value of $247,800.00. Following the completion of the transaction, the vice president now directly owns 26,142 shares in the company, valued at $1,372,455. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by company insiders.
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.
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