Potlatch Co. (NASDAQ:PCH) COO Eric J. Cremers sold 9,812 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $54.41, for a total value of $533,870.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Potlatch Co. (NASDAQ:PCH) opened at $52.00 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.28 and a debt-to-equity ratio of 2.79. The firm has a market capitalization of $2,223.51, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 3.69 and a beta of 1.39. Potlatch Co. has a twelve month low of $42.80 and a twelve month high of $56.35.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 7th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $1.60 annualized dividend and a yield of 3.08%. Potlatch’s dividend payout ratio (DPR) is presently 76.19%.
A number of institutional investors and hedge funds have recently modified their holdings of PCH. Wealthcare Advisory Partners LLC acquired a new stake in shares of Potlatch during the 3rd quarter worth $142,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Potlatch during the 3rd quarter worth $206,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Potlatch during the 4th quarter worth $206,000. Globeflex Capital L P acquired a new stake in shares of Potlatch during the 4th quarter worth $240,000. Finally, Tyers Asset Management LLC increased its holdings in shares of Potlatch by 26.0% during the 4th quarter. Tyers Asset Management LLC now owns 5,292 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,092 shares during the last quarter. Institutional investors own 85.80% of the company’s stock.
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Potlatch 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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