Flinton Capital Management LLC Increases Position in Potlatch Co. (PCH)
Flinton Capital Management LLC lifted its position in shares of Potlatch Co. (NASDAQ:PCH) by 26.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,426 shares of the real estate investment trust’s stock after purchasing an additional 1,326 shares during the quarter. Flinton Capital Management LLC’s holdings in Potlatch were worth $321,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Elkfork Partners LLC purchased a new position in Potlatch in the 4th quarter worth approximately $264,000. Teachers Advisors LLC increased its stake in Potlatch by 455.0% in the 4th quarter. Teachers Advisors LLC now owns 403,321 shares of the real estate investment trust’s stock worth $20,126,000 after purchasing an additional 330,657 shares during the period. Paloma Partners Management Co increased its stake in Potlatch by 1,241.1% in the 4th quarter. Paloma Partners Management Co now owns 122,752 shares of the real estate investment trust’s stock worth $6,126,000 after purchasing an additional 113,599 shares during the period. HBK Investments L P increased its stake in Potlatch by 48.4% in the 4th quarter. HBK Investments L P now owns 9,600 shares of the real estate investment trust’s stock worth $479,000 after purchasing an additional 3,130 shares during the period. Finally, Two Sigma Investments LP increased its stake in Potlatch by 569.0% in the 4th quarter. Two Sigma Investments LP now owns 253,426 shares of the real estate investment trust’s stock worth $12,646,000 after purchasing an additional 215,547 shares during the period. 89.84% of the stock is currently owned by institutional investors.
A number of brokerages have commented on PCH. BidaskClub cut Potlatch from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Zacks Investment Research raised Potlatch from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, December 27th. UBS raised Potlatch from a “market perform” rating to an “outperform” rating in a research note on Monday, January 8th. Bank of America raised Potlatch from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, Raymond James Financial raised Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $51.17.
Shares of Potlatch Co. (PCH) opened at $53.05 on Friday. The firm has a market capitalization of $2,109.74, a P/E ratio of 25.26, a PEG ratio of 3.48 and a beta of 1.36. Potlatch Co. has a 1 year low of $43.15 and a 1 year high of $56.35. The company has a debt-to-equity ratio of 2.79, a current ratio of 2.58 and a quick ratio of 1.91.
Potlatch (NASDAQ:PCH) last issued its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.06). The business had revenue of $175.24 million during the quarter, compared to the consensus estimate of $170.54 million. Potlatch had a return on equity of 55.47% and a net margin of 12.74%. equities research analysts anticipate that Potlatch Co. will post 2.98 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.02%. Potlatch’s dividend payout ratio is currently 76.19%.
PotlatchDeltic Corp, formerly 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.
Want to see what other hedge funds are holding PCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Potlatch Co. (NASDAQ:PCH).
Receive News & Ratings for Potlatch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch and related companies with MarketBeat.com's FREE daily email newsletter.