Grantham Mayo Van Otterloo & Co. LLC Makes New $5.05 Million Investment in Potlatch Corporation $PCH

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Potlatch Corporation (NASDAQ:PCH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 131,600 shares of the real estate investment trust’s stock, valued at approximately $5,049,000. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.17% of Potlatch at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings 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 purchasing an additional 279 shares during the last quarter. GAMMA Investing LLC boosted its stake in Potlatch by 61.1% in the 2nd 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 last quarter. Quarry LP boosted its stake in Potlatch by 70.9% in the 1st 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 last quarter. Fiduciary Counselling Inc. grew its holdings in Potlatch by 0.4% in the 2nd quarter. Fiduciary Counselling Inc. now owns 117,237 shares of the real estate investment trust’s stock valued at $4,498,000 after buying an additional 521 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Potlatch by 8.9% during the 1st quarter. Focus Partners Wealth now owns 6,920 shares of the real estate investment trust’s stock valued at $312,000 after acquiring an additional 565 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

Potlatch Stock Up 0.4%

Shares of Potlatch stock opened at $40.19 on Friday. Potlatch Corporation has a twelve month low of $36.82 and a twelve month high of $48.12. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 75.83 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $40.69 and a 200 day moving average price of $40.66.

Potlatch (NASDAQ:PCH) last issued 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 2.10% and a net margin of 3.94%.The company had revenue of $354.19 million for the quarter. Equities research analysts forecast that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

PCH has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Potlatch from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Wall Street Zen cut shares of Potlatch from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Truist Financial cut their target price on Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Bank of America cut Potlatch from a “buy” rating to an “underperform” rating and reduced their target price for the company from $49.00 to $46.00 in a report on Monday, November 17th. Finally, Citigroup dropped their price target on Potlatch from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Potlatch currently has a consensus rating of “Hold” and an average price target of $46.43.

Potlatch 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.