Potlatch Co. (NASDAQ:PCH) VP William R. Dereu sold 3,690 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $51.83, for a total transaction of $191,252.70. Following the completion of the transaction, the vice president now owns 26,895 shares of the company’s stock, valued at approximately $1,393,967.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Potlatch Co. (NASDAQ:PCH) traded up $0.95 during trading hours on Friday, reaching $53.45. 884,965 shares of the company’s stock were exchanged, compared to its average volume of 837,100. The firm has a market cap of $2,132.08, a P/E ratio of 25.45, a PEG ratio of 3.52 and a beta of 1.36. The company has a debt-to-equity ratio of 2.79, a current ratio of 2.58 and a quick ratio of 1.91. Potlatch Co. has a twelve month low of $43.15 and a twelve month high of $56.35.
Potlatch (NASDAQ:PCH) last announced its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.06). The company had revenue of $175.24 million for the quarter, compared to analyst estimates of $170.54 million. Potlatch had a return on equity of 55.47% and a net margin of 12.74%. research analysts expect that Potlatch Co. will post 2.98 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Tuesday, March 6th. Potlatch’s dividend payout ratio (DPR) is 76.19%.
Several hedge funds have recently made changes to their positions in PCH. Wealthcare Advisory Partners LLC acquired a new stake in shares of Potlatch during the 3rd quarter worth approximately $142,000. DekaBank Deutsche Girozentrale bought a new position in shares of Potlatch in the 3rd quarter worth $206,000. Xact Kapitalforvaltning AB bought a new position in shares of Potlatch in the 4th quarter worth $206,000. Globeflex Capital L P bought a new position in shares of Potlatch in the 4th quarter worth $240,000. Finally, Elkfork Partners LLC bought a new position in shares of Potlatch in the 4th quarter worth $264,000. 89.82% of the stock is owned by institutional investors.
PCH has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Potlatch from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Zacks Investment Research raised shares of Potlatch from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday, December 27th. UBS raised shares of Potlatch from a “market perform” rating to an “outperform” rating in a research report on Monday, January 8th. Bank of America raised shares of Potlatch from an “underperform” rating to a “neutral” rating and set a $54.00 target price for the company in a research report on Tuesday, January 2nd. Finally, Raymond James Financial raised shares of Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Potlatch currently has a consensus rating of “Hold” and an average price target of $51.17.
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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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