Potlatch Corporation $PCH Shares Acquired by Uniplan Investment Counsel Inc.

Key Points

• Uniplan Investment Counsel Inc. significantly increased its holdings in Potlatch Corporation by 199.5% in the first quarter, owning 106,249 shares valued at approximately $4.79 million.
• Potlatch Corporation reported a quarterly earnings of $0.09 per share, exceeding expectations, but its revenue was down 14.2% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.45 per share, contributing to an annualized yield of 4.2%, despite a high payout ratio of 339.62%.

Uniplan Investment Counsel Inc. lifted its position in Potlatch Corporation (NASDAQ:PCH - Free Report) by 199.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,249 shares of the real estate investment trust's stock after purchasing an additional 70,769 shares during the quarter. Uniplan Investment Counsel Inc. owned about 0.14% of Potlatch worth $4,794,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Westwood Holdings Group Inc. increased its holdings in Potlatch by 12.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust's stock worth $94,360,000 after buying an additional 260,674 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Potlatch by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,560,123 shares of the real estate investment trust's stock valued at $70,393,000 after acquiring an additional 17,352 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Potlatch by 1.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,413,351 shares of the real estate investment trust's stock worth $55,474,000 after acquiring an additional 19,521 shares during the period. Wellington Management Group LLP increased its stake in shares of Potlatch by 2.3% in the fourth quarter. Wellington Management Group LLP now owns 1,061,497 shares of the real estate investment trust's stock worth $41,664,000 after acquiring an additional 23,975 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Potlatch by 472.1% during the first quarter. Deutsche Bank AG now owns 908,253 shares of the real estate investment trust's stock worth $40,980,000 after purchasing an additional 749,491 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company's stock.

Analysts Set New Price Targets

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

Potlatch Trading Up 1.6%

Shares of Potlatch stock opened at $42.87 on Friday. The firm has a 50-day simple moving average of $41.61 and a two-hundred day simple moving average of $41.29. 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 fifty-two week low of $36.82 and a fifty-two week high of $48.12. The company has a market cap of $3.31 billion, a P/E ratio of 80.89 and a beta of 1.12.

Potlatch (NASDAQ:PCH - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $274.99 million during the quarter, compared to analyst estimates of $267.66 million. Potlatch had a return on equity of 2.10% and a net margin of 3.94%.Potlatch's revenue for the quarter was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 EPS. As a group, equities analysts predict that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid 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 yield of 4.2%. Potlatch's dividend payout ratio (DPR) is currently 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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