Stratos Wealth Partners LTD. Invests $334,000 in Potlatch Corporation (PCH)

Stratos Wealth Partners LTD. purchased a new stake in shares of Potlatch Corporation (NASDAQ:PCH) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,550 shares of the real estate investment trust’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC increased its position in shares of Potlatch Corporation by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,018 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 30 shares during the last quarter. Arizona State Retirement System increased its position in shares of Potlatch Corporation by 1.2% in the second quarter. Arizona State Retirement System now owns 17,100 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 200 shares during the last quarter. Amalgamated Bank increased its position in shares of Potlatch Corporation by 4.6% in the second quarter. Amalgamated Bank now owns 5,838 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 255 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Potlatch Corporation by 1.0% in the second quarter. Texas Permanent School Fund now owns 29,649 shares of the real estate investment trust’s stock worth $1,355,000 after purchasing an additional 293 shares during the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of Potlatch Corporation by 1.8% in the second quarter. State Treasurer State of Michigan now owns 16,741 shares of the real estate investment trust’s stock worth $765,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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Several research firms recently weighed in on PCH. Zacks Investment Research upgraded shares of Potlatch Corporation from a “hold” rating to a “strong-buy” rating and set a $59.00 price objective on the stock in a research report on Thursday, October 26th. Bank of America Corporation upped their price objective on shares of Potlatch Corporation from $50.00 to $54.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 25th. BidaskClub cut shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. DA Davidson upped their price objective on shares of Potlatch Corporation to $47.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 24th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Potlatch Corporation in a research report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.40.

In other news, VP William R. Dereu sold 4,720 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $52.50, for a total transaction of $247,800.00. Following the completion of the sale, the vice president now owns 26,142 shares of the company’s stock, valued at $1,372,455. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.52% of the company’s stock.

Potlatch Corporation (NASDAQ:PCH) opened at $53.50 on Friday. Potlatch Corporation has a 52-week low of $39.05 and a 52-week high of $56.35. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.72 and a current ratio of 2.17. The company has a market cap of $2,172.69, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 4.22 and a beta of 1.45.

Potlatch Corporation (NASDAQ:PCH) last released its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $190.40 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 earnings per share. equities research analysts predict that Potlatch Corporation will post 2.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Thursday, December 7th. This is a positive change from Potlatch Corporation’s previous quarterly dividend of $0.38. Potlatch Corporation’s dividend payout ratio is 69.12%.

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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