Potlatch Corporation (PCH) Shares Bought by Mosaic Financial Partners Inc.
Mosaic Financial Partners Inc. increased its stake in Potlatch Corporation (NASDAQ:PCH) by 5.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,204 shares of the real estate investment trust’s stock after buying an additional 2,167 shares during the period. Potlatch Corporation accounts for approximately 1.3% of Mosaic Financial Partners Inc.’s investment portfolio, making the stock its 22nd largest position. Mosaic Financial Partners Inc. owned about 0.11% of Potlatch Corporation worth $2,066,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in PCH. Robeco Institutional Asset Management B.V. purchased a new position in Potlatch Corporation during the second quarter worth $3,734,000. Prudential Financial Inc. raised its position in Potlatch Corporation by 394.5% in the second quarter. Prudential Financial Inc. now owns 144,538 shares of the real estate investment trust’s stock worth $6,605,000 after buying an additional 115,306 shares in the last quarter. American Century Companies Inc. raised its position in Potlatch Corporation by 196.7% in the second quarter. American Century Companies Inc. now owns 396,897 shares of the real estate investment trust’s stock worth $18,138,000 after buying an additional 263,132 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new position in Potlatch Corporation during the second quarter worth $590,000. Finally, Marshall Wace North America L.P. purchased a new position in Potlatch Corporation during the second quarter worth $3,897,000. Hedge funds and other institutional investors own 83.22% of the company’s stock.
Shares of Potlatch Corporation (PCH) opened at 45.30 on Wednesday. Potlatch Corporation has a 52-week low of $35.38 and a 52-week high of $49.00. The stock has a 50 day moving average of $46.72 and a 200-day moving average of $45.71. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 22.41 and a beta of 1.41.
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A number of equities analysts have recently weighed in on the stock. UBS AG lowered shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. BidaskClub upgraded shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $47.00 price objective on shares of Potlatch Corporation in a research note on Monday, July 31st. BMO Capital Markets reiterated a “hold” rating and set a $40.00 price objective on shares of Potlatch Corporation in a research note on Thursday, July 20th. Finally, Zacks Investment Research upgraded shares of Potlatch Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price 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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