Swedbank AB Grows Holdings in Potlatch Corporation $PCH

Swedbank AB lifted its stake in Potlatch Corporation (NASDAQ:PCH) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 212,875 shares of the real estate investment trust’s stock after acquiring an additional 23,195 shares during the quarter. Swedbank AB owned 0.28% of Potlatch worth $8,675,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PCH. GAMMA Investing LLC lifted its stake in Potlatch by 61.1% during the second quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 411 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Potlatch by 32.3% in 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 buying an additional 279 shares during the period. Quarry LP lifted its stake in Potlatch by 70.9% during 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 in the last quarter. M&G PLC purchased a new position in Potlatch during the 2nd quarter valued at about $196,000. Finally, United Services Automobile Association purchased a new position in Potlatch during the 1st quarter valued at about $204,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

Potlatch Trading Up 0.1%

Shares of NASDAQ:PCH opened at $40.08 on Friday. Potlatch Corporation has a 52 week low of $36.82 and a 52 week high of $48.12. The company’s 50 day moving average is $40.13 and its two-hundred day moving average is $40.77. The company has a market cap of $3.10 billion, a PE ratio of 48.88 and a beta of 1.10. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53.

Potlatch (NASDAQ:PCH) last released its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share (EPS) for the quarter. The business had revenue of $354.19 million during the quarter. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. Equities analysts predict that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given 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 currently 219.51%.

Wall Street Analysts Forecast Growth

PCH has been the topic of several research reports. Truist Financial reduced their price target on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Zacks Research upgraded shares of Potlatch from a “strong sell” rating to a “hold” rating in a report on Friday, November 14th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $48.00 price target on shares of Potlatch in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Potlatch in a research note on Wednesday, October 8th. Finally, DA Davidson reiterated a “neutral” rating and issued a $40.00 price objective (down from $54.00) on shares of Potlatch in a research note on Thursday, November 13th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.80.

Insiders Place Their Bets

In other news, CEO Eric J. Cremers sold 24,123 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $39.33, for a total transaction of $948,757.59. Following the sale, the chief executive officer owned 296,043 shares of the company’s stock, valued at approximately $11,643,371.19. This trade represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP William R. Dereu sold 3,278 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $39.33, for a total value of $128,923.74. Following the sale, the vice president owned 73,845 shares of the company’s stock, valued at approximately $2,904,323.85. The trade was a 4.25% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 42,278 shares of company stock worth $1,663,143. 1.00% of the stock is currently owned by company insiders.

Potlatch 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.