Mutual of America Capital Management LLC Sells 14,938 Shares of Potlatch Corporation $PCH

Mutual of America Capital Management LLC lowered its holdings in shares of Potlatch Corporation (NASDAQ:PCH) by 10.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 128,023 shares of the real estate investment trust’s stock after selling 14,938 shares during the period. Mutual of America Capital Management LLC’s holdings in Potlatch were worth $5,217,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PCH. Coastline Trust Co bought a new stake in shares of Potlatch in the third quarter worth $26,000. GAMMA Investing LLC lifted its holdings 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 worth $42,000 after buying an additional 411 shares during the period. United Services Automobile Association acquired a new position in Potlatch during the 1st quarter worth about $204,000. M&G PLC bought a new stake in shares of Potlatch in the 2nd quarter valued at about $196,000. Finally, Mutual Advisors LLC acquired a new stake in shares of Potlatch in the second quarter valued at about $220,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

Insider Activity at Potlatch

In related news, VP Michele Tyler sold 4,343 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $39.36, for a total transaction of $170,940.48. Following the transaction, the vice president directly owned 42,184 shares of the company’s stock, valued at approximately $1,660,362.24. This represents a 9.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP William R. Dereu sold 3,278 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $39.33, for a total value of $128,923.74. Following the completion of the transaction, the vice president owned 73,845 shares in the company, valued at approximately $2,904,323.85. The trade was a 4.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 43,569 shares of company stock worth $1,715,897. 1.00% of the stock is currently owned by insiders.

Potlatch Price Performance

Potlatch stock opened at $41.43 on Thursday. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 50.53 and a beta of 1.09. 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 0.53, a quick ratio of 1.26 and a current ratio of 1.96. The stock’s 50 day moving average price is $41.00 and its two-hundred day moving average price is $41.25.

Potlatch (NASDAQ:PCH) last released its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.21. The company had revenue of $314.18 million during the quarter, compared to analyst estimates of $308.13 million. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. On average, equities analysts predict that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, December 15th. This represents a $1.80 annualized dividend and a dividend yield of 4.3%. Potlatch’s dividend payout ratio is currently 219.51%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PCH shares. Weiss Ratings restated a “hold (c)” rating on shares of Potlatch in a research report on Thursday, January 22nd. Zacks Research raised shares of Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Royal Bank Of Canada restated a “sector perform” rating and issued a $48.00 price target on shares of Potlatch in a research report on Monday, November 10th. DA Davidson reiterated a “neutral” rating and set a $40.00 price objective (down from $54.00) on shares of Potlatch in a research report on Thursday, November 13th. Finally, BMO Capital Markets downgraded shares of Potlatch from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $51.00 to $45.00 in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.83.

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.