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Potlatch Corporation (NASDAQ:PCH) Shares Purchased by D.A. Davidson & CO.

Potlatch logo with Construction background

D.A. Davidson & CO. raised its stake in Potlatch Corporation (NASDAQ:PCH - Free Report) by 83.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 62,780 shares of the real estate investment trust's stock after purchasing an additional 28,562 shares during the quarter. D.A. Davidson & CO. owned 0.08% of Potlatch worth $2,833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP boosted its stake in shares of Potlatch by 224.2% in the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 482 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Potlatch by 168.1% during the first quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 417 shares during the last quarter. UMB Bank n.a. raised its holdings in Potlatch by 41.6% during the first quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 254 shares during the last quarter. Fifth Third Bancorp raised its holdings in Potlatch by 67.1% during the first quarter. Fifth Third Bancorp now owns 1,893 shares of the real estate investment trust's stock worth $85,000 after purchasing an additional 760 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Potlatch by 806.9% during the fourth quarter. Sterling Capital Management LLC now owns 2,503 shares of the real estate investment trust's stock worth $98,000 after purchasing an additional 2,227 shares during the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Potlatch Stock Up 0.3%

Shares of NASDAQ PCH traded up $0.11 on Thursday, hitting $40.67. The company had a trading volume of 508,099 shares, compared to its average volume of 480,454. Potlatch Corporation has a 12-month low of $36.82 and a 12-month high of $48.12. The business has a 50 day moving average of $39.09 and a two-hundred day moving average of $41.27. The company has a quick ratio of 1.04, a current ratio of 1.43 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $3.20 billion, a P/E ratio of 66.67 and a beta of 1.14.

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 for the quarter, topping the consensus estimate of $0.20 by $0.13. Potlatch had a return on equity of 2.36% and a net margin of 4.35%. The company had revenue of $268.26 million during the quarter, compared to the consensus estimate of $243.68 million. The company's revenue was up 17.6% compared to the same quarter last year. As a group, equities research analysts forecast that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, June 6th. Potlatch's dividend payout ratio (DPR) is 295.08%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PCH shares. Truist Financial reduced their price objective on Potlatch from $44.00 to $42.00 and set a "hold" rating for the company in a report on Tuesday, April 22nd. Citigroup reaffirmed a "buy" rating and set a $47.00 price objective (down from $49.00) on shares of Potlatch in a report on Tuesday, June 3rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Potlatch has a consensus rating of "Moderate Buy" and a consensus target price of $48.57.

View Our Latest Report on PCH

Potlatch Profile

(Free Report)

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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Institutional Ownership by Quarter for Potlatch (NASDAQ:PCH)

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