Arrowstreet Capital Limited Partnership purchased a new stake in shares of Potlatch Corporation (NASDAQ:PCH) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 52,600 shares of the real estate investment trust’s stock, valued at approximately $2,404,000. Arrowstreet Capital Limited Partnership owned about 0.13% of Potlatch Corporation at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. raised its stake in shares of Potlatch Corporation by 19.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 423 shares during the period. LS Investment Advisors LLC raised its stake in shares of Potlatch Corporation by 18.2% during the 2nd quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 483 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Potlatch Corporation by 75.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 1,431 shares during the period. Flinton Capital Management LLC raised its stake in shares of Potlatch Corporation by 68.8% during the 2nd quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 1,802 shares during the period. Finally, First City Capital Management Inc. bought a new stake in shares of Potlatch Corporation during the 1st quarter valued at $206,000. 83.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Potlatch Corporation (NASDAQ PCH) opened at 53.35 on Friday. Potlatch Corporation has a 1-year low of $36.35 and a 1-year high of $53.60. The company’s 50 day moving average price is $50.09 and its 200-day moving average price is $47.18. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 26.40 and a beta of 1.41.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.375 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.50 annualized dividend and a dividend yield of 2.81%. Potlatch Corporation’s payout ratio is 73.89%.

A number of analysts recently issued reports on the company. UBS AG lowered Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. BidaskClub upgraded Potlatch Corporation from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Vertical Research lowered Potlatch Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. 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. Finally, Zacks Investment Research lowered Potlatch Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $46.75.

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Potlatch Corporation 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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