Potlatch (NASDAQ:PCH) VP Ashlee Townsend Cribb Sells 4,756 Shares

Potlatch Corporation (NASDAQ:PCH) VP Ashlee Townsend Cribb sold 4,756 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $39.35, for a total transaction of $187,148.60. Following the sale, the vice president owned 39,619 shares of the company’s stock, valued at $1,559,007.65. The trade was a 10.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Potlatch Trading Up 1.5%

Shares of NASDAQ:PCH traded up $0.59 during midday trading on Tuesday, hitting $39.73. The company had a trading volume of 720,022 shares, compared to its average volume of 558,325. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53. Potlatch Corporation has a 12 month low of $36.82 and a 12 month high of $48.12. The firm has a fifty day simple moving average of $40.27 and a 200 day simple moving average of $40.76. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 48.45 and a beta of 1.10.

Potlatch (NASDAQ:PCH) last released its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 EPS for the quarter. Potlatch had a return on equity of 3.38% and a net margin of 5.76%.The business had revenue of $354.19 million during the quarter. On average, analysts predict that Potlatch Corporation will post 0.8 EPS for the current year.

Potlatch Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a yield of 4.5%. Potlatch’s payout ratio is currently 219.51%.

Hedge Funds Weigh In On Potlatch

Several hedge funds have recently made changes to their positions in the business. Coastline Trust Co acquired a new stake in shares of Potlatch in the third quarter valued at approximately $26,000. Hantz Financial Services Inc. boosted its holdings in Potlatch by 611.9% during the third quarter. Hantz Financial Services Inc. now owns 719 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 618 shares during the last quarter. GAMMA Investing LLC grew its position in Potlatch by 61.1% in the second quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 411 shares in the last quarter. UMB Bank n.a. increased its stake in Potlatch by 32.3% in the 2nd quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust’s stock valued at $44,000 after buying an additional 279 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Potlatch by 216.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,184 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 810 shares in the last quarter. 86.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. DA Davidson reissued a “neutral” rating and set a $40.00 price target (down from $54.00) on shares of Potlatch in a research report on Thursday, November 13th. Citigroup lowered their price target on Potlatch from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. Truist Financial cut their price target on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Bank of America downgraded shares of Potlatch from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $49.00 to $46.00 in a research report on Monday, November 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $48.00 price objective on shares of Potlatch in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Potlatch currently has an average rating of “Hold” and an average target price of $45.80.

Potlatch Company Profile

PotlatchDeltic Corporation, which trades on the NASDAQ under the ticker PCH, is a real estate investment trust (REIT) specializing in the ownership and sustainable management of timberland. Headquartered in Spokane, Washington, the company holds approximately two million acres of forested land across the United States. Its integrated business model combines timberland stewardship with manufacturing and marketing of wood products to serve residential, agricultural and industrial markets.

In its timberland segment, PotlatchDeltic focuses on responsible forest management practices, including reforestation, habitat conservation and wildfire mitigation.