Invictus Private Wealth LLC Sells 3,600 Shares of Potlatch Corporation $PCH

Invictus Private Wealth LLC lowered its position in Potlatch Corporation (NASDAQ:PCH) by 18.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,400 shares of the real estate investment trust’s stock after selling 3,600 shares during the quarter. Invictus Private Wealth LLC’s holdings in Potlatch were worth $591,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PCH. Deutsche Bank AG increased its holdings in shares of Potlatch by 472.1% in 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Potlatch by 254.6% in the first 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. Adage Capital Partners GP L.L.C. bought a new position in shares of Potlatch in the first quarter worth $19,176,000. Russell Investments Group Ltd. increased its stake in Potlatch by 51.8% in the first quarter. Russell Investments Group Ltd. now owns 819,782 shares of the real estate investment trust’s stock valued at $36,989,000 after acquiring an additional 279,654 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in Potlatch by 130.0% in the first quarter. AQR Capital Management LLC now owns 485,689 shares of the real estate investment trust’s stock valued at $21,691,000 after acquiring an additional 274,535 shares during the last quarter. Institutional investors own 86.06% of the company’s stock.

Potlatch Stock Down 2.1%

Shares of NASDAQ:PCH opened at $40.75 on Friday. The stock’s 50-day moving average price is $41.86 and its 200-day moving average price is $40.54. Potlatch Corporation has a 12-month low of $36.82 and a 12-month high of $48.12. The stock has a market capitalization of $3.15 billion, a P/E ratio of 76.89 and a beta of 1.10. The company has a current ratio of 1.13, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share (EPS) for the quarter. Potlatch had a return on equity of 2.10% and a net margin of 3.94%.The firm had revenue of $354.19 million for the quarter. On average, equities analysts anticipate that Potlatch Corporation will post 0.8 earnings per share for the current year.

Potlatch Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend yield of 4.4%. The ex-dividend date was Monday, September 15th. Potlatch’s dividend payout ratio is currently 339.62%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PCH shares. Wall Street Zen cut Potlatch from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Potlatch in a research note on Wednesday. Finally, Truist Financial raised Potlatch from a “hold” rating to a “buy” rating and increased their target price for the company from $44.00 to $52.00 in a research note on Wednesday, July 16th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Potlatch presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.83.

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.