Nisa Investment Advisors LLC Reduces Stock Position in Potlatch Corporation (NASDAQ:PCH)

Nisa Investment Advisors LLC cut its holdings in shares of Potlatch Corporation (NASDAQ:PCH - Free Report) by 27.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,369 shares of the real estate investment trust's stock after selling 10,434 shares during the quarter. Nisa Investment Advisors LLC's holdings in Potlatch were worth $1,235,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings 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 worth $39,000 after purchasing an additional 254 shares during the last quarter. Capital Square LLC raised its position in shares of 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 acquiring an additional 337 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of 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 acquiring an additional 417 shares in the last quarter. Xponance Inc. raised its position in shares of Potlatch by 4.3% during the 4th quarter. Xponance Inc. now owns 10,706 shares of the real estate investment trust's stock valued at $420,000 after acquiring an additional 446 shares in the last quarter. Finally, Quarry LP raised its position in shares of 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 acquiring an additional 482 shares in the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Potlatch Price Performance

Shares of PCH opened at $40.50 on Tuesday. The company has a market cap of $3.18 billion, a P/E ratio of 66.39 and a beta of 1.14. The stock has a fifty day moving average price of $39.18 and a 200 day moving average price of $41.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.43 and a quick ratio of 1.04. Potlatch Corporation has a 12 month low of $36.82 and a 12 month high of $48.12.

Potlatch (NASDAQ:PCH - Get Free Report) last announced its quarterly 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 company had revenue of $268.26 million during the quarter, compared to analyst estimates of $243.68 million. The company's revenue for the quarter was up 17.6% compared to the same quarter last year. On average, research analysts forecast that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a yield of 4.44%. Potlatch's dividend payout ratio (DPR) is presently 295.08%.

Analysts Set New Price Targets

PCH has been the topic of several research reports. Citigroup reissued a "buy" rating and set a $47.00 price target (down from $49.00) on shares of Potlatch in a research report on Tuesday, June 3rd. Truist Financial upped their price target on Potlatch from $42.00 to $44.00 and gave the company a "hold" rating in a research report on Friday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Potlatch has a consensus rating of "Moderate Buy" and an average price target of $48.86.

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.

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