AlphaQuest LLC Acquires 13,158 Shares of Potlatch Corporation $PCH

AlphaQuest LLC grew its holdings in Potlatch Corporation (NASDAQ:PCH) by 144.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,264 shares of the real estate investment trust’s stock after acquiring an additional 13,158 shares during the quarter. AlphaQuest LLC’s holdings in Potlatch were worth $854,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of PCH. Costello Asset Management INC bought a new stake in shares of Potlatch in the first quarter worth about $30,000. GAMMA Investing LLC boosted its position in shares of Potlatch by 61.1% during the second quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 411 shares during the period. UMB Bank n.a. boosted its position in shares of Potlatch by 32.3% during the second quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 279 shares during the period. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Potlatch during the first quarter worth about $52,000. Finally, Quarry LP boosted its position in shares of Potlatch by 70.9% during the first quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 494 shares during the period. 86.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PCH has been the subject of several recent research reports. Citigroup reaffirmed a “neutral” rating and set a $45.00 price objective (down from $49.00) on shares of Potlatch in a research report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Potlatch in a research report on Saturday. Zacks Research cut Potlatch from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Wall Street Zen cut Potlatch from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Truist Financial reduced their price objective on Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Five research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.33.

Potlatch Stock Performance

Shares of NASDAQ PCH opened at $42.54 on Monday. The stock has a 50 day moving average price of $41.66 and a 200 day moving average price of $40.49. Potlatch Corporation has a 52 week low of $36.82 and a 52 week high of $48.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.75 and a current ratio of 1.13. The stock has a market capitalization of $3.29 billion, a PE ratio of 80.26 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 earnings per share (EPS) for the quarter. Potlatch had a return on equity of 2.10% and a net margin of 3.94%.The company had revenue of $354.19 million during the quarter. Analysts predict that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, September 15th. Potlatch’s dividend payout ratio (DPR) is presently 339.62%.

Potlatch Company Profile

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.