Uniplan Investment Counsel Inc. Has $4.79 Million Holdings in Potlatch Corporation $PCH

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. increased its holdings in shares of Potlatch Corporation (NASDAQ:PCH - Free Report) by 199.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,249 shares of the real estate investment trust's stock after acquiring an additional 70,769 shares during the period. Uniplan Investment Counsel Inc. owned about 0.14% of Potlatch worth $4,794,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake 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 acquiring an additional 417 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Potlatch during the 1st quarter worth about $30,000. UMB Bank n.a. increased its position in shares of 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 in the last quarter. Mowery & Schoenfeld Wealth Management LLC bought a new position in Potlatch during the 1st quarter valued at about $52,000. Finally, Quarry LP boosted its position in Potlatch by 70.9% in the first quarter. Quarry LP now owns 1,191 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 494 shares in the last quarter. Institutional investors own 86.06% of the company's stock.

Potlatch Trading Down 1.5%

Shares of PCH stock traded down $0.66 on Friday, reaching $42.01. 113,609 shares of the stock were exchanged, compared to its average volume of 517,381. The stock has a market cap of $3.25 billion, a PE ratio of 79.28 and a beta of 1.12. Potlatch Corporation has a one year low of $36.82 and a one year high of $48.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.75. The stock has a 50 day moving average price of $41.80 and a 200 day moving average price of $41.23.

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

Potlatch Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, September 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.3%. Potlatch's payout ratio is presently 339.62%.

Analyst Ratings Changes

Several brokerages have recently commented on PCH. Citigroup reissued a "buy" rating and issued a $47.00 target price (down from $49.00) on shares of Potlatch in a report on Tuesday, June 3rd. Truist Financial upgraded Potlatch from a "hold" rating to a "buy" rating and lifted their price objective for the company from $44.00 to $52.00 in a research report on Wednesday, July 16th. Finally, Wall Street Zen cut Potlatch from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $49.83.

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.