Cetera Investment Advisers Has $1.64 Million Position in Potlatch Corporation $PCH

Cetera Investment Advisers lifted its position in Potlatch Corporation (NASDAQ:PCH) by 274.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 42,799 shares of the real estate investment trust’s stock after purchasing an additional 31,371 shares during the quarter. Cetera Investment Advisers’ holdings in Potlatch were worth $1,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PCH. Costello Asset Management INC acquired a new stake in shares of Potlatch during the first quarter worth approximately $30,000. GAMMA Investing LLC grew its position in Potlatch by 61.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock worth $42,000 after acquiring an additional 411 shares during the last quarter. UMB Bank n.a. increased its holdings in Potlatch by 32.3% during the 2nd quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 279 shares in the last quarter. Quarry LP raised its position in Potlatch by 70.9% in the 1st quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 494 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in Potlatch in the first quarter worth $204,000. 86.06% of the stock is owned by institutional investors.

Potlatch Stock Up 0.4%

Potlatch stock opened at $40.19 on Monday. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 75.83 and a beta of 1.11. The company’s 50 day simple moving average is $40.69 and its 200 day simple moving average is $40.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.75. Potlatch Corporation has a fifty-two week low of $36.82 and a fifty-two week high of $48.12.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share for the quarter. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. The company had revenue of $354.19 million for the quarter. As a group, sell-side analysts anticipate that Potlatch Corporation will post 0.8 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on PCH shares. Truist Financial lowered their target price on Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, October 13th. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 target price (down from $54.00) on shares of Potlatch in a research note on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Potlatch in a research report on Wednesday, October 8th. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Bank of America cut Potlatch from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $49.00 to $46.00 in a report on Monday, November 17th. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Potlatch has an average rating of “Hold” and an average target price of $46.43.

About Potlatch

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.