Forsta AP Fonden Purchases Shares of 22,600 Potlatch Corporation (PCH)

Forsta AP Fonden purchased a new stake in Potlatch Corporation (NASDAQ:PCH) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,600 shares of the real estate investment trust’s stock, valued at approximately $1,153,000. Forsta AP Fonden owned 0.06% of Potlatch Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in PCH. BlackRock Inc. raised its stake in Potlatch Corporation by 1.6% in the second quarter. BlackRock Inc. now owns 4,839,675 shares of the real estate investment trust’s stock worth $221,173,000 after buying an additional 75,874 shares in the last quarter. Vanguard Group Inc. raised its stake in Potlatch Corporation by 7.3% in the second quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock worth $168,183,000 after buying an additional 251,612 shares in the last quarter. Renaissance Technologies LLC raised its stake in Potlatch Corporation by 3.9% in the second quarter. Renaissance Technologies LLC now owns 1,588,200 shares of the real estate investment trust’s stock worth $72,581,000 after buying an additional 59,647 shares in the last quarter. State Street Corp raised its stake in Potlatch Corporation by 8.0% in the second quarter. State Street Corp now owns 1,378,999 shares of the real estate investment trust’s stock worth $63,023,000 after buying an additional 102,275 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in Potlatch Corporation by 8.5% in the third quarter. Pictet Asset Management Ltd. now owns 1,105,370 shares of the real estate investment trust’s stock worth $56,374,000 after buying an additional 86,425 shares in the last quarter. Hedge funds and other institutional investors own 84.45% of the company’s stock.

Potlatch Corporation (NASDAQ:PCH) opened at $52.25 on Thursday. The stock has a market capitalization of $2,107.70, a price-to-earnings ratio of 23.17, a PEG ratio of 4.09 and a beta of 1.45. The company has a current ratio of 2.17, a quick ratio of 1.72 and a debt-to-equity ratio of 2.92. Potlatch Corporation has a 12-month low of $36.95 and a 12-month high of $56.35.

Potlatch Corporation (NASDAQ:PCH) last issued its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $190.40 million for the quarter, compared to the consensus estimate of $187.29 million. Potlatch Corporation had a return on equity of 54.42% and a net margin of 13.54%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.68 earnings per share. equities research analysts anticipate that Potlatch Corporation will post 2.54 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 7th. This is an increase from Potlatch Corporation’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.06%. Potlatch Corporation’s dividend payout ratio is presently 69.12%.

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A number of equities analysts recently commented on the stock. BMO Capital Markets reissued a “hold” rating on shares of Potlatch Corporation in a research note on Monday, October 23rd. DA Davidson boosted their price objective on shares of Potlatch Corporation to $47.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 24th. Vertical Research downgraded shares of Potlatch Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BidaskClub raised shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Finally, Bank of America Corporation boosted their price objective on shares of Potlatch Corporation from $50.00 to $54.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $49.40.

About Potlatch Corporation

Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.

Institutional Ownership by Quarter for Potlatch Corporation (NASDAQ:PCH)

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