Thrivent Financial for Lutherans cut its position in shares of Potlatch Co. (NASDAQ:PCH) by 36.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,583 shares of the real estate investment trust’s stock after selling 15,998 shares during the period. Thrivent Financial for Lutherans’ holdings in Potlatch were worth $1,149,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. bought a new stake in Potlatch during the third quarter worth $138,000. Ladenburg Thalmann Financial Services Inc. raised its stake in Potlatch by 0.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,715 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 36 shares during the period. First National Bank of Omaha raised its stake in Potlatch by 1.4% in the third quarter. First National Bank of Omaha now owns 8,882 shares of the real estate investment trust’s stock worth $345,000 after buying an additional 125 shares during the period. Radnor Capital Management LLC bought a new stake in Potlatch during the fourth quarter worth $352,000. Finally, Aperio Group LLC raised its stake in Potlatch by 6.6% in the third quarter. Aperio Group LLC now owns 10,274 shares of the real estate investment trust’s stock worth $400,000 after buying an additional 637 shares during the period. 84.91% of the stock is owned by institutional investors.
Potlatch Co. (NASDAQ:PCH) opened at 44.30 on Tuesday. Potlatch Co. has a 52-week low of $29.46 and a 52-week high of $45.50. The firm’s 50-day moving average price is $43.66 and its 200-day moving average price is $40.88. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 165.30 and a beta of 1.40.
Potlatch (NASDAQ:PCH) last issued its quarterly earnings results on Tuesday, January 31st. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.04. Potlatch had a return on equity of 29.63% and a net margin of 1.83%. The business earned $155.70 million during the quarter, compared to analyst estimates of $147.43 million. During the same quarter in the prior year, the business posted $0.09 EPS. Potlatch’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Potlatch Co. will post $1.59 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Tuesday, March 7th will be paid a $0.375 dividend. The ex-dividend date is Friday, March 3rd. This represents a $1.50 dividend on an annualized basis and a yield of 3.39%. Potlatch’s payout ratio is presently 576.95%.
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PCH has been the subject of a number of recent research reports. Zacks Investment Research raised Potlatch from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Friday, December 9th. BMO Capital Markets reissued a “market perform” rating and issued a $40.00 target price (up previously from $36.00) on shares of Potlatch in a research note on Monday, February 27th. Finally, Bank of America Corp lowered Potlatch from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $43.00.
Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.
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