Key Points
- CEO Eric Cremers sold 313 shares on January 5 at an average price of $39.63 for about $12,404, leaving him with 296,424 shares — a 0.11% reduction in his stake disclosed in an SEC filing.
- Potlatch recently paid a quarterly dividend of $0.45 (annualized $1.80) for a 4.5% yield
- Analysts' consensus is a Hold rating (one Buy, five Hold, one Sell) with an average target of $45.80, and several firms have trimmed ratings or price targets in recent months.
Potlatch Corporation (NASDAQ:PCH - Get Free Report) CEO Eric Cremers sold 313 shares of the firm's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $39.63, for a total value of $12,404.19. Following the sale, the chief executive officer owned 296,424 shares of the company's stock, valued at approximately $11,747,283.12. This trade represents a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Potlatch Stock Performance
Shares of PCH opened at $40.30 on Wednesday. The business's 50 day moving average is $39.82 and its two-hundred day moving average is $40.84. Potlatch Corporation has a 52-week low of $36.82 and a 52-week high of $48.12. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 49.15 and a beta of 1.09. The company has a quick ratio of 1.26, a current ratio of 1.96 and a debt-to-equity ratio of 0.53.
Potlatch (NASDAQ:PCH - Get Free Report) last released its 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 5.76% and a return on equity of 3.38%. The company had revenue of $354.19 million during the quarter. Analysts forecast that Potlatch Corporation will post 0.8 EPS for the current fiscal year.
Potlatch Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, December 15th. Potlatch's payout ratio is 219.51%.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on PCH shares. Zacks Research upgraded Potlatch from a "strong sell" rating to a "hold" rating in a report on Friday, November 14th. Bank of America lowered shares of Potlatch from a "buy" rating to an "underperform" rating and lowered their target price for the company from $49.00 to $46.00 in a research note on Monday, November 17th. Weiss Ratings reiterated a "hold (c)" rating on shares of Potlatch in a report on Wednesday, October 8th. Citigroup decreased their price target on shares of Potlatch from $45.00 to $44.00 and set a "neutral" rating for the company in a report on Wednesday, November 12th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $40.00 price target (down from $54.00) on shares of Potlatch in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $45.80.
Get Our Latest Analysis on PCH
Institutional Trading of Potlatch
A number of hedge funds have recently modified their holdings of PCH. Norges Bank acquired a new stake in Potlatch during the 2nd quarter valued at $217,543,000. Legal & General Group Plc boosted its stake in shares of Potlatch by 13.9% during the 2nd quarter. Legal & General Group Plc now owns 2,819,875 shares of the real estate investment trust's stock worth $108,199,000 after buying an additional 344,553 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in Potlatch by 19.8% during the second quarter. Westwood Holdings Group Inc. now owns 2,792,075 shares of the real estate investment trust's stock worth $107,132,000 after acquiring an additional 461,356 shares in the last quarter. Millennium Management LLC boosted its position in Potlatch by 58.3% during the third quarter. Millennium Management LLC now owns 1,288,642 shares of the real estate investment trust's stock valued at $52,512,000 after purchasing an additional 474,526 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Potlatch by 74.3% in the second quarter. Ameriprise Financial Inc. now owns 1,027,190 shares of the real estate investment trust's stock valued at $39,413,000 after purchasing an additional 438,032 shares in the last quarter. Institutional investors own 86.06% of the company's stock.
About Potlatch
(
Get Free Report)
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.
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