Universal Beteiligungs und Servicegesellschaft mbH Invests $2.29 Million in Potlatch Corporation (NASDAQ:PCH)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Potlatch Corporation (NASDAQ:PCH) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 50,818 shares of the real estate investment trust’s stock, valued at approximately $2,293,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PCH. UMB Bank n.a. grew its stake in Potlatch by 41.6% in the first quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 254 shares in the last quarter. Capital Square LLC grew its stake in Potlatch by 0.8% in the fourth quarter. Capital Square LLC now owns 41,030 shares of the real estate investment trust’s stock worth $1,711,000 after purchasing an additional 337 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in Potlatch by 168.1% in the first quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 417 shares in the last quarter. Quarry LP grew its stake in Potlatch by 224.2% in the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Potlatch by 3.3% in the fourth quarter. LPL Financial LLC now owns 20,266 shares of the real estate investment trust’s stock worth $795,000 after purchasing an additional 654 shares in the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

Potlatch Stock Performance

Shares of NASDAQ PCH opened at $42.30 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $39.68 and a 200-day simple moving average of $41.45. The company has a market cap of $3.32 billion, a PE ratio of 79.81 and a beta of 1.14. Potlatch Corporation has a 12-month low of $36.82 and a 12-month high of $48.12.

Potlatch (NASDAQ:PCH) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $274.99 million during the quarter, compared to the consensus estimate of $267.66 million. Potlatch had a return on equity of 2.10% and a net margin of 3.94%. The business’s revenue was down 14.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 earnings per share. On average, equities research analysts forecast that Potlatch Corporation will post 0.8 EPS for the current year.

Potlatch Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a dividend of $0.45 per share. The ex-dividend date was Friday, June 6th. This represents a $1.80 annualized dividend and a dividend yield of 4.26%. Potlatch’s dividend payout ratio is presently 339.62%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PCH shares. Truist Financial upgraded Potlatch from a “hold” rating to a “buy” rating and lifted their price target for the stock from $44.00 to $52.00 in a research note on Wednesday, July 16th. Citigroup reiterated a “buy” rating and issued a $47.00 price target (down from $49.00) on shares of Potlatch in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $50.00.

Potlatch Profile

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.