8,200 Shares in Potlatch Corporation $PCH Acquired by Caption Management LLC

Key Points

• Caption Management LLC acquired a new stake in Potlatch Corporation, purchasing 8,200 shares valued at approximately $370,000 during the first quarter.
• Analysts have mixed sentiments on Potlatch, with Citigroup lowering its target price to $47.00, while Truist Financial upgraded it to a buy with a target of $52.00.
• Potlatch declared a quarterly dividend of $0.45, resulting in an annualized yield of 4.3%, with a dividend payout ratio of 339.62%.

Caption Management LLC acquired a new stake in shares of Potlatch Corporation (NASDAQ:PCH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,200 shares of the real estate investment trust's stock, valued at approximately $370,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP increased its stake in Potlatch by 224.2% during the 4th quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 482 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Potlatch by 168.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 417 shares in the last quarter. Costello Asset Management INC bought a new stake in Potlatch during the 1st quarter valued at about $30,000. UMB Bank n.a. increased its stake in Potlatch by 41.6% during the 1st quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 254 shares in the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in Potlatch during the 1st quarter valued at about $52,000. 86.06% of the stock is currently owned by institutional investors.

Potlatch Stock Performance

Shares of PCH stock traded up $0.67 during trading hours on Friday, reaching $42.87. The company had a trading volume of 419,504 shares, compared to its average volume of 458,535. The business has a fifty day moving average price of $41.61 and a 200-day moving average price of $41.31. Potlatch Corporation has a one year low of $36.82 and a one year high of $48.12. The firm has a market cap of $3.31 billion, a PE ratio of 80.89 and a beta of 1.12. 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 (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. The company had revenue of $274.99 million for the quarter, compared to the consensus estimate of $267.66 million. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. The firm's revenue was down 14.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Sell-side analysts predict that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.2%. Potlatch's dividend payout ratio (DPR) is presently 339.62%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Citigroup restated a "buy" rating and set a $47.00 price objective (down from $49.00) on shares of Potlatch in a research note on Tuesday, June 3rd. Wall Street Zen lowered shares of Potlatch from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Truist Financial upgraded shares of Potlatch from a "hold" rating to a "buy" rating and lifted their price target for the stock from $44.00 to $52.00 in a research note on Wednesday, July 16th. Seven research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $50.00.

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.