Darin Robert Ball Sells 4,127 Shares of Potlatch (NASDAQ:PCH) Stock

Potlatch Corporation (NASDAQ:PCH) VP Darin Robert Ball sold 4,127 shares of Potlatch stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $39.30, for a total transaction of $162,191.10. Following the transaction, the vice president directly owned 49,054 shares in the company, valued at approximately $1,927,822.20. This represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Potlatch Trading Up 1.5%

Shares of PCH traded up $0.59 during trading hours on Tuesday, reaching $39.73. The stock had a trading volume of 720,022 shares, compared to its average volume of 558,325. The company has a market cap of $3.07 billion, a P/E ratio of 48.45 and a beta of 1.10. Potlatch Corporation has a 52 week low of $36.82 and a 52 week high of $48.12. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.53. The firm has a 50-day moving average of $40.27 and a 200 day moving average of $40.76.

Potlatch (NASDAQ:PCH) last posted its earnings results on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share for the quarter. Potlatch had a return on equity of 3.38% and a net margin of 5.76%.The firm had revenue of $354.19 million for the quarter. On average, sell-side analysts expect 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. Investors of record on Monday, December 15th will be given a $0.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.80 annualized dividend and a dividend yield of 4.5%. Potlatch’s payout ratio is currently 219.51%.

Institutional Investors Weigh In On Potlatch

Several institutional investors and hedge funds have recently added to or reduced their stakes in PCH. CIBC Private Wealth Group LLC grew its holdings in shares of Potlatch by 216.6% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,184 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 810 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Potlatch during the third quarter valued at approximately $341,000. Adelante Capital Management LLC boosted its position in Potlatch by 9.7% during the third quarter. Adelante Capital Management LLC now owns 53,345 shares of the real estate investment trust’s stock valued at $2,174,000 after purchasing an additional 4,723 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Potlatch by 8.8% in the third quarter. CANADA LIFE ASSURANCE Co now owns 42,825 shares of the real estate investment trust’s stock valued at $1,724,000 after purchasing an additional 3,456 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Potlatch by 200.3% during the 3rd quarter. Verition Fund Management LLC now owns 94,116 shares of the real estate investment trust’s stock worth $3,835,000 after purchasing an additional 62,774 shares during the last quarter. 86.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PCH shares. Citigroup cut their price target 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. Truist Financial dropped their price objective on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Zacks Research raised shares of Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Bank of America cut Potlatch from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $49.00 to $46.00 in a report on Monday, November 17th. Finally, DA Davidson reissued a “neutral” rating and issued a $40.00 price target (down previously from $54.00) on shares of Potlatch in a research note on Thursday, November 13th. One investment analyst has 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.80.

Potlatch Company 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.