Comprehensive Money Management Services LLC Boosts Position in Potlatch Corporation $PCH

Comprehensive Money Management Services LLC boosted its position in shares of Potlatch Corporation (NASDAQ:PCH) by 19.4% during the second quarter, Holdings Channel reports. The firm owned 11,390 shares of the real estate investment trust’s stock after buying an additional 1,850 shares during the quarter. Comprehensive Money Management Services LLC’s holdings in Potlatch were worth $437,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its position in Potlatch by 168.1% during the first quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 417 shares in the last quarter. Costello Asset Management INC purchased a new stake in Potlatch during the first quarter worth $30,000. UMB Bank n.a. boosted its position in Potlatch by 41.6% during the first quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 254 shares in the last quarter. GAMMA Investing LLC boosted its position in 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 purchasing an additional 411 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Potlatch during the first quarter worth $52,000. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PCH has been the topic of several recent research reports. Truist Financial upgraded Potlatch from a “hold” rating to a “buy” rating and upped their price objective for the company from $44.00 to $52.00 in a research report on Wednesday, July 16th. Wall Street Zen downgraded Potlatch from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Potlatch in a research report on Wednesday. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.83.

Potlatch Stock Performance

NASDAQ PCH opened at $40.75 on Friday. The business’s 50-day moving average price is $41.86 and its 200 day moving average price is $40.54. Potlatch Corporation has a twelve month low of $36.82 and a twelve month high of $48.12. The company has a market capitalization of $3.15 billion, a PE ratio of 76.89 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47.

Potlatch (NASDAQ:PCH) last released its earnings results on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share for the quarter. Potlatch had a return on equity of 2.10% and a net margin of 3.94%.The firm had revenue of $354.19 million for the quarter. On average, research analysts predict that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, September 15th. This represents a $1.80 annualized dividend and a yield of 4.4%. Potlatch’s dividend payout ratio is currently 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.