Inceptionr LLC Takes $276,000 Position in Potlatch Corporation $PCH

Inceptionr LLC bought a new position in Potlatch Corporation (NASDAQ:PCH) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 7,198 shares of the real estate investment trust’s stock, valued at approximately $276,000.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its stake 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 valued at $44,000 after buying an additional 279 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Potlatch by 61.1% in the second quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 411 shares during the period. Quarry LP grew its holdings in shares of Potlatch by 70.9% in the first quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 494 shares during the period. Fiduciary Counselling Inc. increased its position in Potlatch by 0.4% during the second quarter. Fiduciary Counselling Inc. now owns 117,237 shares of the real estate investment trust’s stock valued at $4,498,000 after acquiring an additional 521 shares during the last quarter. Finally, Focus Partners Wealth lifted its holdings in Potlatch by 8.9% in the first 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 period. Institutional investors own 86.06% of the company’s stock.

Potlatch Trading Up 0.4%

Potlatch stock opened at $40.19 on Friday. Potlatch Corporation has a 12-month low of $36.82 and a 12-month high of $48.12. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 75.83 and a beta of 1.11. The firm has a 50 day moving average of $40.69 and a 200 day moving average of $40.66. 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 issued its quarterly 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 3.94% and a return on equity of 2.10%. As a group, research analysts predict that Potlatch Corporation will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

PCH has been the subject of a number of recent research reports. Citigroup cut 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. Wall Street Zen cut shares of Potlatch from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Bank of America cut shares of 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. Truist Financial decreased their price target on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, DA Davidson reissued a “neutral” rating and set a $40.00 price objective (down previously from $54.00) on shares of Potlatch in a research report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.43.

About Potlatch

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.