Fuller & Thaler Asset Management Inc. Has $42.10 Million Position in Potlatch Corporation (PCH)
Fuller & Thaler Asset Management Inc. increased its holdings in Potlatch Corporation (NASDAQ:PCH) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 825,451 shares of the real estate investment trust’s stock after purchasing an additional 4,504 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.03% of Potlatch Corporation worth $42,098,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of PCH. D.A. Davidson & CO. boosted its position in Potlatch Corporation by 19.4% during the second quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock valued at $118,000 after acquiring an additional 423 shares during the last quarter. LS Investment Advisors LLC boosted its position in Potlatch Corporation by 18.2% during the second quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 483 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Potlatch Corporation by 75.3% during the second quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 1,431 shares during the last quarter. Flinton Capital Management LLC boosted its position in Potlatch Corporation by 68.8% during the second quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock valued at $202,000 after acquiring an additional 1,802 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Potlatch Corporation during the third quarter valued at $206,000. 83.03% of the stock is currently owned by institutional investors.
In other news, VP William R. Dereu sold 4,720 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the transaction, the vice president now owns 26,142 shares in the company, valued at $1,372,455. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is currently owned by corporate insiders.
PCH has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 price target on the stock in a research report on Friday, July 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $47.00 price target on shares of Potlatch Corporation in a research report on Monday, July 31st. BidaskClub cut shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Vertical Research cut shares of Potlatch Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Potlatch Corporation in a research report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $49.40.
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Shares of Potlatch Corporation (NASDAQ PCH) remained flat at $$52.65 during midday trading on Wednesday. 252,900 shares of the stock traded hands, compared to its average volume of 314,886. Potlatch Corporation has a 12 month low of $39.05 and a 12 month high of $56.35. The stock has a market cap of $2,138.16, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 4.41 and a beta of 1.45. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.17 and a quick ratio of 1.72.
Potlatch Corporation (NASDAQ:PCH) last announced its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. Potlatch Corporation had a net margin of 13.54% and a return on equity of 54.42%. The firm had revenue of $190.40 million for the quarter, compared to analyst estimates of $187.29 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. equities research analysts anticipate that Potlatch Corporation will post 2.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.60 annualized dividend and a dividend yield of 3.04%. This is a positive change from Potlatch Corporation’s previous quarterly dividend of $0.38. Potlatch Corporation’s dividend payout ratio is currently 69.12%.
About Potlatch Corporation
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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