Insider Selling: Potlatch (NASDAQ:PCH) CEO Sells $12,404.19 in Stock

Potlatch Corporation (NASDAQ:PCH) CEO Eric Cremers sold 313 shares of Potlatch stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $39.63, for a total transaction of $12,404.19. Following the transaction, the chief executive officer owned 296,424 shares of the company’s stock, valued at $11,747,283.12. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Potlatch Price Performance

Shares of NASDAQ PCH opened at $41.35 on Friday. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 50.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.26 and a current ratio of 1.96. Potlatch Corporation has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The firm’s 50-day simple moving average is $39.82 and its 200 day simple moving average is $40.84.

Potlatch (NASDAQ:PCH) last issued its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 EPS 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 during the quarter. As a group, research analysts anticipate that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, December 15th. Potlatch’s dividend payout ratio is presently 219.51%.

Analyst Ratings Changes

Several research firms have recently issued reports on PCH. BMO Capital Markets lowered shares of Potlatch from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $51.00 to $45.00 in a research note on Thursday. Zacks Research raised shares of Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Potlatch in a research note on Wednesday, October 8th. Bank of America downgraded Potlatch from a “buy” rating to an “underperform” rating and cut their target price for the stock from $49.00 to $46.00 in a research note on Monday, November 17th. Finally, Citigroup decreased their price target on Potlatch from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $45.67.

Hedge Funds Weigh In On Potlatch

Institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Potlatch by 130.0% in the first quarter. AQR Capital Management LLC now owns 485,689 shares of the real estate investment trust’s stock valued at $21,691,000 after buying an additional 274,535 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Potlatch by 3.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,814 shares of the real estate investment trust’s stock worth $2,112,000 after acquiring an additional 1,598 shares during the last quarter. Millennium Management LLC increased its holdings in Potlatch by 6.4% in the 1st quarter. Millennium Management LLC now owns 370,422 shares of the real estate investment trust’s stock worth $16,713,000 after acquiring an additional 22,359 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Potlatch by 6.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 427,161 shares of the real estate investment trust’s stock valued at $19,273,000 after acquiring an additional 26,948 shares during the period. Finally, United Services Automobile Association bought a new stake in Potlatch in the 1st quarter valued at about $204,000. Hedge funds and other institutional investors own 86.06% 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.