Potlatch Corporation (NASDAQ:PCH) Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of Potlatch Corporation (NASDAQ:PCH - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 176,915 shares of the real estate investment trust's stock after purchasing an additional 14,780 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.22% of Potlatch worth $7,982,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in PCH. UMB Bank n.a. boosted its stake in shares of Potlatch by 41.6% during the first quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 254 shares during the last quarter. EagleClaw Capital Managment LLC grew its stake in Potlatch by 0.5% during the 4th quarter. EagleClaw Capital Managment LLC now owns 62,225 shares of the real estate investment trust's stock valued at $2,442,000 after purchasing an additional 300 shares in the last quarter. Capital Square LLC grew its stake in Potlatch by 0.8% during the 4th quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust's stock valued at $1,711,000 after purchasing an additional 337 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Potlatch by 168.1% in the 1st quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 417 shares in the last quarter. Finally, Xponance Inc. grew its position in shares of Potlatch by 4.3% in the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock worth $420,000 after acquiring an additional 446 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.

Potlatch Price Performance

Shares of NASDAQ PCH traded up $0.82 during mid-day trading on Tuesday, reaching $40.35. The company had a trading volume of 540,311 shares, compared to its average volume of 477,926. The company has a current ratio of 1.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.17 billion, a PE ratio of 66.15 and a beta of 1.14. The company has a 50-day moving average price of $39.05 and a two-hundred day moving average price of $41.28. Potlatch Corporation has a 1-year low of $36.82 and a 1-year high of $48.12.

Potlatch (NASDAQ:PCH - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. Potlatch had a return on equity of 2.36% and a net margin of 4.35%. The business had revenue of $268.26 million for the quarter, compared to analysts' expectations of $243.68 million. Potlatch's revenue was up 17.6% compared to the same quarter last year. On average, equities analysts anticipate that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a dividend of $0.45 per share. The ex-dividend date was Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.46%. Potlatch's dividend payout ratio is 295.08%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PCH shares. Citigroup reissued a "buy" rating and issued a $47.00 price target (down previously from $49.00) on shares of Potlatch in a report on Tuesday, June 3rd. Truist Financial dropped their price objective on Potlatch from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Potlatch presently has an average rating of "Moderate Buy" and a consensus target price of $48.57.

Potlatch Company Profile

PotlatchDeltic Corporation Nasdaq: PCH is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.