Potlatch (NASDAQ:PCH) CAO Sells $30,848.40 in Stock

Potlatch Corporation (NASDAQ:PCH) CAO Glen Smith sold 738 shares of Potlatch stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $41.80, for a total value of $30,848.40. Following the completion of the sale, the chief accounting officer directly owned 8,159 shares in the company, valued at approximately $341,046.20. This represents a 8.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Potlatch Stock Down 0.7%

Shares of NASDAQ PCH traded down $0.29 during trading hours on Monday, hitting $42.83. The company had a trading volume of 456,944 shares, compared to its average volume of 572,648. Potlatch Corporation has a 1-year low of $36.82 and a 1-year high of $48.12. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $39.88 and its 200-day moving average is $40.89. The stock has a market capitalization of $3.31 billion, a P/E ratio of 52.23 and a beta of 1.09.

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

Potlatch Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.2%. Potlatch’s payout ratio is presently 219.51%.

Analyst Ratings Changes

PCH has been the topic of several research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Potlatch in a report on Wednesday, October 8th. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. DA Davidson restated a “neutral” rating and issued a $40.00 price target (down from $54.00) on shares of Potlatch in a research note on Thursday, November 13th. Bank of America lowered Potlatch from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $49.00 to $46.00 in a report on Monday, November 17th. Finally, Citigroup dropped their target price on Potlatch from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $45.67.

Institutional Investors Weigh In On Potlatch

A number of large investors have recently added to or reduced their stakes in PCH. Coastline Trust Co acquired a new position in Potlatch during the third quarter worth about $26,000. Hantz Financial Services Inc. grew its holdings in shares of Potlatch by 611.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 719 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 618 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Potlatch by 61.1% during the 2nd 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 during the last quarter. UMB Bank n.a. increased its position in Potlatch by 32.3% during the 2nd quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 279 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in Potlatch by 216.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,184 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 810 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

About Potlatch

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.