Wells Fargo & Company MN trimmed its stake in Potlatch Corporation (NASDAQ:PCH) by 27.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 199,992 shares of the real estate investment trust’s stock after selling 75,847 shares during the period. Wells Fargo & Company MN owned 0.49% of Potlatch Corporation worth $9,140,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC increased its position in Potlatch Corporation by 0.4% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,018 shares of the real estate investment trust’s stock worth $239,000 after buying an additional 30 shares during the period. Advantus Capital Management Inc increased its position in Potlatch Corporation by 3.1% in the 1st quarter. Advantus Capital Management Inc now owns 5,191 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 156 shares during the period. Arizona State Retirement System increased its position in Potlatch Corporation by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 17,100 shares of the real estate investment trust’s stock worth $781,000 after buying an additional 200 shares during the period. Mason Street Advisors LLC increased its position in Potlatch Corporation by 1.3% in the 1st quarter. Mason Street Advisors LLC now owns 19,155 shares of the real estate investment trust’s stock worth $875,000 after buying an additional 244 shares during the period. Finally, Texas Permanent School Fund increased its position in Potlatch Corporation by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 29,649 shares of the real estate investment trust’s stock worth $1,355,000 after buying an additional 293 shares during the period. 83.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of Potlatch Corporation (PCH) opened at 50.90 on Friday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 25.19 and a beta of 1.41. The stock’s 50 day moving average price is $48.07 and its 200 day moving average price is $46.67. Potlatch Corporation has a one year low of $36.35 and a one year high of $52.45.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.50 annualized dividend and a yield of 2.95%. Potlatch Corporation’s dividend payout ratio is 73.89%.

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PCH has been the topic of several recent analyst reports. BidaskClub downgraded Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research raised 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. Raymond James Financial, Inc. downgraded Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 price target on shares of Potlatch Corporation in a research report on Monday, July 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 price target on shares of Potlatch Corporation in a research report on Thursday, July 20th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $45.80.

Potlatch Corporation Company 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.

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Institutional Ownership by Quarter for Potlatch Corporation (NASDAQ:PCH)

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