Potlatch (NASDAQ:PCH) VP Sells $187,148.60 in Stock

Potlatch Corporation (NASDAQ:PCH) VP Ashlee Townsend Cribb sold 4,756 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $39.35, for a total value of $187,148.60. Following the sale, the vice president owned 39,619 shares in the company, valued at approximately $1,559,007.65. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Potlatch Stock Performance

PCH stock traded up $0.59 during midday trading on Tuesday, hitting $39.73. The stock had a trading volume of 720,022 shares, compared to its average volume of 558,325. Potlatch Corporation has a 52 week low of $36.82 and a 52 week high of $48.12. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53. The stock has a 50-day simple moving average of $40.27 and a 200 day simple moving average of $40.76. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 48.45 and a beta of 1.10.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share (EPS) for the quarter. The firm had revenue of $354.19 million for the quarter. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. As a group, equities research analysts anticipate that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued 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 dividend yield of 4.5%. Potlatch’s dividend payout ratio is presently 219.51%.

Hedge Funds Weigh In On Potlatch

Large investors have recently made changes to their positions in the company. UMB Bank n.a. increased its position in Potlatch by 32.3% in 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 period. GAMMA Investing LLC boosted its stake in shares of Potlatch by 27.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,378 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 294 shares during the last quarter. CWM LLC grew its position in shares of Potlatch by 4.3% during the 3rd quarter. CWM LLC now owns 10,155 shares of the real estate investment trust’s stock worth $414,000 after buying an additional 421 shares during the period. Quarry LP raised its stake in shares of Potlatch by 70.9% during the first 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. Finally, Marathon Capital Management lifted its holdings in Potlatch by 4.3% in the third quarter. Marathon Capital Management now owns 12,020 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on PCH shares. Bank of America cut Potlatch from a “buy” rating to an “underperform” rating and lowered their price target for the company from $49.00 to $46.00 in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Potlatch in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $48.00 target price on shares of Potlatch in a research report on Monday, November 10th. Truist Financial reduced 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 reaffirmed a “neutral” rating and set a $40.00 price objective (down from $54.00) on shares of Potlatch in a research note on Thursday, November 13th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.80.

Potlatch Company Profile

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.