Russell Investments Group Ltd. reduced its position in Potlatch Corporation (NASDAQ:PCH) by 8.5% during the second quarter, Holdings Channel reports. The fund owned 401,578 shares of the real estate investment trust’s stock after selling 37,387 shares during the period. Russell Investments Group Ltd.’s holdings in Potlatch Corporation were worth $18,352,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PCH. BlackRock Inc. boosted its position in Potlatch Corporation by 26,031.7% in the first quarter. BlackRock Inc. now owns 4,763,801 shares of the real estate investment trust’s stock valued at $217,705,000 after buying an additional 4,745,571 shares in the last quarter. Vanguard Group Inc. boosted its position in Potlatch Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 3,428,535 shares of the real estate investment trust’s stock valued at $156,684,000 after buying an additional 211,513 shares in the last quarter. Renaissance Technologies LLC boosted its position in Potlatch Corporation by 3.2% in the first quarter. Renaissance Technologies LLC now owns 1,528,553 shares of the real estate investment trust’s stock valued at $69,855,000 after buying an additional 47,453 shares in the last quarter. State Street Corp boosted its position in Potlatch Corporation by 0.8% in the first quarter. State Street Corp now owns 1,276,724 shares of the real estate investment trust’s stock valued at $58,350,000 after buying an additional 9,887 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Potlatch Corporation by 38.7% in the first quarter. Wellington Management Group LLP now owns 1,229,747 shares of the real estate investment trust’s stock valued at $56,200,000 after buying an additional 343,231 shares in the last quarter. Institutional investors own 82.27% of the company’s stock.

Potlatch Corporation (NASDAQ:PCH) remained flat at $48.50 during trading on Tuesday. 78,357 shares of the stock were exchanged. Potlatch Corporation has a 52 week low of $35.38 and a 52 week high of $49.00. The stock’s 50 day moving average is $46.91 and its 200 day moving average is $45.13. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 24.00 and a beta of 1.41.

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PCH has been the topic of several research analyst reports. BidaskClub upgraded shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. BMO Capital Markets restated a “hold” rating and set a $40.00 target price on shares of Potlatch Corporation in a research note on Thursday, July 20th. Zacks Investment Research cut shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Vertical Research cut shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $47.00 target price on shares of Potlatch Corporation in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.80.

About Potlatch Corporation

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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