Universal Beteiligungs und Servicegesellschaft mbH Has $2.38 Million Stake in Potlatch Corporation $PCH

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Potlatch Corporation (NASDAQ:PCH) by 22.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,065 shares of the real estate investment trust’s stock after buying an additional 11,247 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.08% of Potlatch worth $2,381,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PCH. Costello Asset Management INC bought a new stake in Potlatch in the 1st quarter valued at approximately $30,000. GAMMA Investing LLC raised its holdings 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 last quarter. UMB Bank n.a. lifted 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 worth $44,000 after purchasing an additional 279 shares in the last quarter. Quarry LP boosted its holdings in Potlatch by 70.9% during the first quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 494 shares during the last quarter. Finally, M&G PLC bought a new position in Potlatch in the second quarter valued at $196,000. Institutional investors and hedge funds own 86.06% of the company’s stock.

Analyst Ratings Changes

PCH has been the topic of several analyst reports. Zacks Research raised shares of Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Truist Financial dropped their target price on Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Royal Bank Of Canada reissued a “sector perform” rating and set a $48.00 price target on shares of Potlatch in a research report on Monday, November 10th. Bank of America lowered Potlatch from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $49.00 to $46.00 in a research report on Monday, November 17th. Finally, Wall Street Zen downgraded Potlatch from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.43.

Potlatch Stock Performance

Shares of NASDAQ PCH opened at $38.84 on Tuesday. 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 capitalization of $3.00 billion, a P/E ratio of 73.28 and a beta of 1.11. Potlatch Corporation has a 12 month low of $36.82 and a 12 month high of $48.12. The stock has a 50 day moving average of $40.72 and a 200-day moving average of $40.66.

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

Potlatch Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, September 15th. Potlatch’s dividend payout ratio (DPR) is currently 219.51%.

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.