Mutual of America Capital Management LLC Sells 37,401 Shares of Potlatch Corporation $PCH

Mutual of America Capital Management LLC trimmed its holdings in shares of Potlatch Corporation (NASDAQ:PCH - Free Report) by 20.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,961 shares of the real estate investment trust's stock after selling 37,401 shares during the period. Mutual of America Capital Management LLC owned about 0.18% of Potlatch worth $5,485,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Potlatch by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 166,650 shares of the real estate investment trust's stock worth $7,519,000 after purchasing an additional 1,624 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Potlatch by 254.6% during 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 worth $39,547,000 after purchasing an additional 629,334 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of Potlatch during the 1st quarter worth $5,138,000. Cerity Partners LLC raised its stake in shares of Potlatch by 25.2% during the 1st quarter. Cerity Partners LLC now owns 26,915 shares of the real estate investment trust's stock worth $1,214,000 after purchasing an additional 5,422 shares during the period. Finally, Entropy Technologies LP bought a new position in Potlatch during the first quarter valued at $548,000. 86.06% of the stock is currently owned by institutional investors.

Potlatch Trading Up 1.1%

Shares of PCH opened at $42.53 on Wednesday. The business has a 50-day moving average of $41.74 and a 200 day moving average of $40.42. Potlatch Corporation has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The firm has a market cap of $3.29 billion, a P/E ratio of 80.25 and a beta of 1.10. 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 announced its quarterly earnings data 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 company had revenue of $354.19 million during the quarter. As a group, research analysts forecast that Potlatch Corporation will post 0.8 EPS for the current year.

Potlatch Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, September 15th. Potlatch's payout ratio is presently 339.62%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen lowered Potlatch from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Zacks Research lowered Potlatch from a "hold" rating to a "strong sell" rating in a report on Wednesday, October 15th. Truist Financial decreased their price objective on Potlatch from $52.00 to $51.00 and set a "buy" rating for the company in a report on Monday, October 13th. Citigroup reissued a "neutral" rating and issued a $45.00 price objective (down previously from $49.00) on shares of Potlatch in a report on Wednesday, October 15th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Potlatch in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.33.

Potlatch 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.

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