BlackRock Inc. raised its stake in Potlatch Co. (NASDAQ:PCH) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,067,179 shares of the real estate investment trust’s stock after buying an additional 118,587 shares during the period. BlackRock Inc. owned 0.12% of Potlatch worth $252,853,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Wealthcare Advisory Partners LLC acquired a new stake in Potlatch in the third quarter valued at approximately $142,000. DekaBank Deutsche Girozentrale acquired a new stake in Potlatch in the third quarter valued at approximately $206,000. ING Groep NV boosted its position in Potlatch by 23.2% in the fourth quarter. ING Groep NV now owns 6,128 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 1,155 shares in the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Potlatch in the third quarter valued at approximately $334,000. Finally, Bessemer Group Inc. bought a new position in shares of Potlatch during the third quarter valued at $342,000. Hedge funds and other institutional investors own 89.82% of the company’s stock.
In related news, COO Eric J. Cremers sold 15,150 shares of Potlatch stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $51.00, for a total transaction of $772,650.00. Following the completion of the transaction, the chief operating officer now owns 85,710 shares of the company’s stock, valued at $4,371,210. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Thomas J. Temple sold 2,401 shares of Potlatch stock in a transaction on Friday, February 16th. The stock was sold at an average price of $54.41, for a total transaction of $130,638.41. The disclosure for this sale can be found here. Insiders have sold 165,283 shares of company stock valued at $8,566,098 in the last three months. 1.52% of the stock is owned by insiders.
Potlatch Co. (NASDAQ PCH) opened at $51.45 on Tuesday. The stock has a market cap of $2,090.00, a price-to-earnings ratio of 21.80, a PEG ratio of 3.39 and a beta of 1.36. Potlatch Co. has a 52 week low of $42.85 and a 52 week high of $56.35. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.91 and a current ratio of 2.58.
Potlatch (NASDAQ:PCH) last released its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.06). The business had revenue of $175.24 million for the quarter, compared to the consensus estimate of $170.54 million. Potlatch had a net margin of 12.74% and a return on equity of 55.47%. sell-side analysts forecast that Potlatch Co. will post 2.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, March 7th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Tuesday, March 6th. Potlatch’s dividend payout ratio is presently 67.80%.
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PotlatchDeltic Corp, formerly 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.
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