Texas Permanent School Fund Has $1.36 Million Stake in Potlatch Corporation (PCH)

Texas Permanent School Fund boosted its position in Potlatch Corporation (NASDAQ:PCH) by 1.0% during the second quarter, Holdings Channel reports. The fund owned 29,649 shares of the real estate investment trust’s stock after buying an additional 293 shares during the period. Texas Permanent School Fund’s holdings in Potlatch Corporation were worth $1,355,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PCH. BlackRock Inc. boosted its position in shares of Potlatch Corporation by 26,031.7% in the first quarter. BlackRock Inc. now owns 4,763,801 shares of the real estate investment trust’s stock worth $217,705,000 after buying an additional 4,745,571 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Potlatch Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 3,428,535 shares of the real estate investment trust’s stock worth $156,684,000 after buying an additional 211,513 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Potlatch Corporation by 3.2% in the first quarter. Renaissance Technologies LLC now owns 1,528,553 shares of the real estate investment trust’s stock worth $69,855,000 after buying an additional 47,453 shares during the last quarter. State Street Corp boosted its position in shares of Potlatch Corporation by 0.8% in the first quarter. State Street Corp now owns 1,276,724 shares of the real estate investment trust’s stock worth $58,350,000 after buying an additional 9,887 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Potlatch Corporation by 38.7% in the first quarter. Wellington Management Group LLP now owns 1,229,747 shares of the real estate investment trust’s stock worth $56,200,000 after buying an additional 343,231 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

Potlatch Corporation (PCH) opened at 46.30 on Thursday. The firm’s 50-day moving average is $46.96 and its 200 day moving average is $45.61. The company has a market cap of $1.88 billion, a PE ratio of 22.91 and a beta of 1.41. Potlatch Corporation has a 1-year low of $35.38 and a 1-year high of $49.00.

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PCH has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 price target on the stock in a research note on Friday, July 28th. BidaskClub cut shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 price target on shares of Potlatch Corporation in a research note on Monday, July 31st. Vertical Research upgraded shares of Potlatch Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, UBS AG cut shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $45.80.

Potlatch Corporation Company Profile

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

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