Potlatch (NASDAQ:PCH) CFO Sells $65,181.48 in Stock

Potlatch Corporation (NASDAQ:PCH) CFO Wayne Wasechek sold 1,651 shares of Potlatch stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $39.48, for a total transaction of $65,181.48. Following the completion of the transaction, the chief financial officer directly owned 29,026 shares in the company, valued at approximately $1,145,946.48. The trade was a 5.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Potlatch Price Performance

PCH stock opened at $40.03 on Friday. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 48.81 and a beta of 1.10. The firm’s 50-day moving average price is $40.18 and its two-hundred day moving average price is $40.76. 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.

Potlatch (NASDAQ:PCH) last posted its earnings results 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 3.38% and a net margin of 5.76%.The company had revenue of $354.19 million for the quarter. As a group, equities analysts predict that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a yield of 4.5%. Potlatch’s dividend payout ratio (DPR) is presently 219.51%.

Hedge Funds Weigh In On Potlatch

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Coastline Trust Co purchased a new position in shares of Potlatch during the third quarter valued at approximately $26,000. Hantz Financial Services Inc. grew its position in Potlatch by 611.9% in the 3rd 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 period. GAMMA Investing LLC raised its stake in 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 buying an additional 411 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of 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 valued at $44,000 after buying an additional 279 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of 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 worth $48,000 after buying an additional 810 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.

Analyst Ratings Changes

PCH has been the subject of a number of research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $48.00 price target on shares of Potlatch in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Potlatch in a research report on Wednesday, October 8th. Bank of America lowered Potlatch from a “buy” rating to an “underperform” rating and dropped their price target for the company from $49.00 to $46.00 in a research report on Monday, November 17th. DA Davidson reaffirmed 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. Finally, Zacks Research raised Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.80.

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.