Oregon Public Employees Retirement Fund boosted its stake in Potlatch Corporation (NASDAQ:PCH) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 14,674 shares of the real estate investment trust’s stock after buying an additional 586 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Potlatch Corporation were worth $671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Potlatch Corporation during the fourth quarter valued at $17,071,000. Teachers Advisors LLC raised its position in Potlatch Corporation by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 73,429 shares of the real estate investment trust’s stock valued at $3,058,000 after buying an additional 1,568 shares in the last quarter. Confluence Investment Management LLC purchased a new position in Potlatch Corporation during the first quarter valued at $211,000. Bank of Montreal Can raised its position in Potlatch Corporation by 792.7% in the first quarter. Bank of Montreal Can now owns 27,505 shares of the real estate investment trust’s stock valued at $1,258,000 after buying an additional 24,424 shares in the last quarter. Finally, First National Bank of Omaha purchased a new position in Potlatch Corporation during the first quarter valued at $360,000. Institutional investors own 82.27% of the company’s stock.

Shares of Potlatch Corporation (NASDAQ PCH) traded down 0.62% on Monday, reaching $48.15. 39,199 shares of the company were exchanged. The company’s 50 day moving average is $46.91 and its 200 day moving average is $45.13. The firm has a market capitalization of $1.96 billion, a PE ratio of 23.82 and a beta of 1.41. Potlatch Corporation has a 12-month low of $35.38 and a 12-month high of $49.00.

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Several research analysts have recently weighed in on PCH shares. DA Davidson lowered shares of Potlatch Corporation from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, April 11th. Vertical Research lowered shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Royal Bank Of Canada lowered shares of Potlatch Corporation from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $45.00 to $47.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Potlatch Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 20th. Finally, UBS AG lowered shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.80.

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.

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Institutional Ownership by Quarter for Potlatch Corporation (NASDAQ:PCH)

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