Great West Life Assurance Co. Can grew its position in shares of Potlatch Corporation (NASDAQ:PCH) by 24.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,401 shares of the real estate investment trust’s stock after acquiring an additional 9,996 shares during the quarter. Great West Life Assurance Co. Can owned about 0.13% of Potlatch worth $2,623,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC lifted its holdings in Potlatch by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,018 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 30 shares during the period. Arizona State Retirement System lifted its holdings in Potlatch by 1.2% in the second quarter. Arizona State Retirement System now owns 17,100 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 200 shares during the period. Amalgamated Bank lifted its holdings in Potlatch by 4.6% in the second quarter. Amalgamated Bank now owns 5,838 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 255 shares during the period. Texas Permanent School Fund lifted its holdings in Potlatch by 1.0% in the second quarter. Texas Permanent School Fund now owns 29,649 shares of the real estate investment trust’s stock worth $1,355,000 after purchasing an additional 293 shares during the period. Finally, TIAA CREF Investment Management LLC lifted its holdings in Potlatch by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 110,575 shares of the real estate investment trust’s stock worth $5,053,000 after purchasing an additional 339 shares during the period. 84.78% of the stock is owned by institutional investors.

Shares of Potlatch Corporation (PCH) opened at $51.00 on Friday. 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 has a 1 year low of $39.05 and a 1 year high of $56.35. The company has a market cap of $2,093.49, a PE ratio of 23.01, a price-to-earnings-growth ratio of 4.31 and a beta of 1.44.

Potlatch (NASDAQ:PCH) last issued its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Potlatch 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 analysts’ expectations of $187.29 million. During the same period in the previous year, the business earned $0.68 earnings per share. Potlatch’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities analysts anticipate that Potlatch Corporation will post 2.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost from Potlatch’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a yield of 3.14%. Potlatch’s payout ratio is 73.73%.

In other Potlatch news, VP William R. Dereu sold 4,720 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.50, for a total value of $247,800.00. Following the sale, the vice president now directly owns 26,142 shares in the company, valued at $1,372,455. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.52% of the stock is currently owned by insiders.

Several research firms recently weighed in on PCH. BidaskClub downgraded shares of Potlatch from a “hold” rating to a “sell” rating in a report on Saturday, December 2nd. Zacks Investment Research downgraded shares of Potlatch from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. Bank of America upped their price objective on shares of Potlatch from $50.00 to $54.00 and gave the stock an “underperform” rating in a report on Wednesday, October 25th. DA Davidson boosted their price target on shares of Potlatch to $47.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 24th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Potlatch in a research report on Monday, October 23rd. Four equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.40.

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Potlatch Profile

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.

Institutional Ownership by Quarter for Potlatch (NASDAQ:PCH)

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