Bank of Montreal Can increased its position in Potlatch Corporation (NASDAQ:PCH) by 80.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,769 shares of the real estate investment trust’s stock after buying an additional 22,264 shares during the period. Bank of Montreal Can’s holdings in Potlatch Corporation were worth $2,274,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PCH. Confluence Investment Management LLC raised its position in shares of Potlatch Corporation by 10.9% in the second quarter. Confluence Investment Management LLC now owns 5,128 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 504 shares during the period. Capital One National Association raised its position in shares of Potlatch Corporation by 6.2% in the second quarter. Capital One National Association now owns 10,802 shares of the real estate investment trust’s stock worth $494,000 after buying an additional 628 shares during the period. Laurel Wealth Advisors Inc. raised its position in shares of Potlatch Corporation by 5.6% in the first quarter. Laurel Wealth Advisors Inc. now owns 19,944 shares of the real estate investment trust’s stock worth $911,000 after buying an additional 1,065 shares during the period. First City Capital Management Inc. acquired a new position in shares of Potlatch Corporation during the first quarter worth about $206,000. Finally, State Street Corp raised its position in shares of Potlatch Corporation by 0.8% in the first quarter. State Street Corp now owns 1,276,724 shares of the real estate investment trust’s stock worth $58,350,000 after buying an additional 9,887 shares during the period. 82.27% of the stock is currently owned by institutional investors.

Potlatch Corporation (PCH) traded up 0.75% during trading on Friday, reaching $47.10. 95,224 shares of the company were exchanged. The firm’s 50 day moving average is $47.02 and its 200 day moving average is $45.40. Potlatch Corporation has a 52-week low of $35.38 and a 52-week high of $49.00. The stock has a market capitalization of $1.91 billion, a PE ratio of 23.31 and a beta of 1.41.

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A number of brokerages have recently issued reports on PCH. Royal Bank Of Canada restated a “hold” rating and set a $47.00 target price on shares of Potlatch Corporation in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a research report on Friday, July 28th. BidaskClub upgraded shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. BMO Capital Markets restated a “hold” rating and set a $40.00 target price on shares of Potlatch Corporation in a research report on Thursday, July 20th. Finally, Raymond James Financial, Inc. lowered shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Potlatch Corporation has an average rating of “Hold” and an average price target of $45.80.

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

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