Bernzott Capital Advisors Has $7.35 Million Stock Holdings in Potlatch Corporation $PCH

Key Points

• Bernzott Capital Advisors increased its holdings in Potlatch Corporation (NASDAQ:PCH) by 12.9% in Q2, owning approximately $7.35 million worth of shares.
• Other institutional investors, including Deutsche Bank AG and UBS Asset Management, have also significantly increased their stakes, with Deutsche Bank's holdings growing by 472.1% in Q1.
• Potlatch announced a quarterly dividend of $0.45 per share, resulting in an annualized yield of 4.3%, despite a high dividend payout ratio of 339.62%.

Bernzott Capital Advisors boosted its position in Potlatch Corporation (NASDAQ:PCH - Free Report) by 12.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 191,524 shares of the real estate investment trust's stock after purchasing an additional 21,954 shares during the quarter. Potlatch comprises 3.8% of Bernzott Capital Advisors' holdings, making the stock its 6th biggest position. Bernzott Capital Advisors owned approximately 0.24% of Potlatch worth $7,349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Deutsche Bank AG grew its holdings in Potlatch by 472.1% in the 1st quarter. Deutsche Bank AG now owns 908,253 shares of the real estate investment trust's stock worth $40,980,000 after buying an additional 749,491 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Potlatch by 254.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 876,480 shares of the real estate investment trust's stock valued at $39,547,000 after buying an additional 629,334 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in shares of Potlatch during the 1st quarter worth about $19,176,000. Russell Investments Group Ltd. increased its stake in shares of Potlatch by 51.8% during the first quarter. Russell Investments Group Ltd. now owns 819,782 shares of the real estate investment trust's stock valued at $36,989,000 after acquiring an additional 279,654 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Potlatch by 130.0% during the first quarter. AQR Capital Management LLC now owns 485,689 shares of the real estate investment trust's stock worth $21,691,000 after purchasing an additional 274,535 shares in the last quarter. 86.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PCH has been the subject of several research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Potlatch in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Potlatch from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Truist Financial decreased 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 cut Potlatch from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 15th. Finally, Citigroup reissued a "neutral" rating and set a $45.00 price objective (down from $49.00) on shares of Potlatch in a research note on Wednesday, October 15th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.33.

Potlatch Trading Down 1.8%

NASDAQ PCH opened at $41.75 on Thursday. The firm's 50 day moving average price is $41.69 and its two-hundred day moving average price is $40.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.75 and a current ratio of 1.13. Potlatch Corporation has a twelve month low of $36.82 and a twelve month high of $48.12. The stock has a market cap of $3.23 billion, a price-to-earnings ratio of 78.77 and a beta of 1.10.

Potlatch (NASDAQ:PCH - Get Free Report) last posted its quarterly 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 2.10% and a net margin of 3.94%.The firm had revenue of $354.19 million for the quarter. Equities analysts anticipate that Potlatch Corporation will post 0.8 EPS for the current year.

Potlatch Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, September 15th. Potlatch's dividend payout ratio is presently 339.62%.

About Potlatch

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.

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