Capital Square LLC Has $1.81 Million Stock Position in Potlatch Corporation $PCH

Capital Square LLC boosted its stake in shares of Potlatch Corporation (NASDAQ:PCH) by 5.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 44,602 shares of the real estate investment trust’s stock after purchasing an additional 2,407 shares during the period. Potlatch accounts for about 1.0% of Capital Square LLC’s investment portfolio, making the stock its 27th biggest holding. Capital Square LLC owned 0.06% of Potlatch worth $1,810,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PCH. Costello Asset Management INC bought a new stake in shares of Potlatch during the 1st quarter worth approximately $30,000. GAMMA Investing LLC raised its position in shares of Potlatch by 61.1% in the second quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust’s stock valued at $42,000 after purchasing an additional 411 shares during the period. UMB Bank n.a. raised its position in shares of Potlatch by 32.3% in the second quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 279 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Potlatch during the 1st quarter worth about $52,000. Finally, Quarry LP boosted its holdings in shares of Potlatch by 70.9% during the 1st quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 494 shares during the period. 86.06% of the stock is currently owned by institutional investors.

Potlatch Stock Performance

Shares of Potlatch stock opened at $39.31 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.04 billion, a PE ratio of 74.17 and a beta of 1.11. The company has a 50 day moving average of $41.08 and a 200-day moving average of $40.63. Potlatch Corporation has a 1-year low of $36.82 and a 1-year high of $48.12.

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

Potlatch Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 annualized dividend and a yield of 4.6%. Potlatch’s dividend payout ratio (DPR) is 219.51%.

Wall Street Analysts Forecast Growth

PCH has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Potlatch in a report on Wednesday, October 8th. Truist Financial decreased their price target on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. DA Davidson reiterated a “neutral” rating and issued a $40.00 price objective (down previously from $54.00) on shares of Potlatch in a research note on Thursday. Royal Bank Of Canada restated a “sector perform” rating and set a $48.00 target price on shares of Potlatch in a research report on Monday, November 10th. Finally, Wall Street Zen cut shares of Potlatch from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $46.50.

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.