Michele Tyler Sells 4,343 Shares of Potlatch (NASDAQ:PCH) Stock

Potlatch Corporation (NASDAQ:PCH) VP Michele Tyler sold 4,343 shares of Potlatch stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $39.36, for a total transaction of $170,940.48. Following the completion of the sale, the vice president owned 42,184 shares in the company, valued at approximately $1,660,362.24. This trade represents a 9.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Potlatch Trading Up 1.5%

NASDAQ PCH traded up $0.59 during trading on Tuesday, hitting $39.73. The company had a trading volume of 720,022 shares, compared to its average volume of 558,325. The company’s fifty day moving average is $40.27 and its 200-day moving average is $40.76. Potlatch Corporation has a one year low of $36.82 and a one year 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 company has a market cap 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. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. The company had revenue of $354.19 million for the quarter. On average, sell-side analysts predict that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 15th. This represents a $1.80 annualized dividend and a dividend yield of 4.5%. Potlatch’s payout ratio is currently 219.51%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Truist Financial decreased their price objective on Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Potlatch in a research note on Wednesday, October 8th. Citigroup dropped their price objective on shares of Potlatch from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 12th. Zacks Research upgraded shares of Potlatch from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $48.00 target price on shares of Potlatch in a research note on Monday, November 10th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.80.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PCH. Norges Bank purchased a new stake in shares of Potlatch during the second quarter valued at approximately $217,543,000. Legal & General Group Plc lifted its position in Potlatch by 13.9% in the 2nd quarter. Legal & General Group Plc now owns 2,819,875 shares of the real estate investment trust’s stock valued at $108,199,000 after acquiring an additional 344,553 shares in the last quarter. Westwood Holdings Group Inc. lifted its position in Potlatch by 19.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 2,792,075 shares of the real estate investment trust’s stock valued at $107,132,000 after acquiring an additional 461,356 shares in the last quarter. Millennium Management LLC boosted its stake in Potlatch by 58.3% during the 3rd quarter. Millennium Management LLC now owns 1,288,642 shares of the real estate investment trust’s stock valued at $52,512,000 after purchasing an additional 474,526 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Potlatch by 74.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,027,190 shares of the real estate investment trust’s stock worth $39,413,000 after purchasing an additional 438,032 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

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.