Deprince Race & Zollo Inc. Sells 15,855 Shares of Potlatch Corporation $PCH

Deprince Race & Zollo Inc. reduced its stake in Potlatch Corporation (NASDAQ:PCH) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,319,288 shares of the real estate investment trust’s stock after selling 15,855 shares during the period. Potlatch comprises about 1.9% of Deprince Race & Zollo Inc.’s holdings, making the stock its 4th biggest position. Deprince Race & Zollo Inc.’s holdings in Potlatch were worth $94,511,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. UMB Bank n.a. increased its stake 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. GAMMA Investing LLC increased its position in shares of Potlatch by 27.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,378 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 294 shares during the period. CWM LLC increased its position in shares of Potlatch by 4.3% in the 3rd quarter. CWM LLC now owns 10,155 shares of the real estate investment trust’s stock valued at $414,000 after acquiring an additional 421 shares during the period. Quarry LP raised its stake in Potlatch by 70.9% in the 1st quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 494 shares during the last quarter. Finally, Fiduciary Counselling Inc. lifted its position in Potlatch by 0.4% during the 2nd quarter. Fiduciary Counselling Inc. now owns 117,237 shares of the real estate investment trust’s stock worth $4,498,000 after acquiring an additional 521 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America lowered Potlatch from a “buy” rating to an “underperform” rating and cut their price objective for the company from $49.00 to $46.00 in a report on Monday, November 17th. Truist Financial dropped their target price on Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Royal Bank Of Canada reissued a “sector perform” rating and set a $48.00 price target on shares of Potlatch in a research report on Monday, November 10th. DA Davidson reaffirmed a “neutral” rating and issued a $40.00 price objective (down from $54.00) on shares of Potlatch in a report on Thursday, November 13th. Finally, Citigroup cut 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. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $45.80.

Potlatch Price Performance

Shares of NASDAQ PCH opened at $40.08 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.96 and a quick ratio of 1.26. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 48.88 and a beta of 1.10. The firm’s 50 day simple moving average is $40.13 and its 200-day simple moving average is $40.77. Potlatch Corporation has a 12 month low of $36.82 and a 12 month 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 (EPS) for the quarter. The firm had revenue of $354.19 million for the quarter. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. Analysts expect that Potlatch Corporation will post 0.8 EPS for the current year.

Potlatch Announces Dividend

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

Insider Transactions at Potlatch

In related news, VP Ashlee Townsend Cribb sold 4,756 shares of the company’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $39.35, for a total value of $187,148.60. Following the completion of the transaction, the vice president owned 39,619 shares of the company’s stock, valued at approximately $1,559,007.65. This represents a 10.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Darin Robert Ball sold 4,127 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $39.30, for a total value of $162,191.10. Following the transaction, the vice president owned 49,054 shares in the company, valued at $1,927,822.20. This represents a 7.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,278 shares of company stock worth $1,663,143 over the last quarter. Company insiders own 1.00% of the company’s stock.

About Potlatch

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.