Integrated Wealth Concepts LLC Has $907,000 Stake in Potlatch Corporation $PCH

Integrated Wealth Concepts LLC trimmed its position in shares of Potlatch Corporation (NASDAQ:PCH) by 17.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,096 shares of the real estate investment trust’s stock after selling 4,288 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Potlatch were worth $907,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Curi RMB Capital LLC raised its position in Potlatch by 2.5% in the 1st quarter. Curi RMB Capital LLC now owns 343,796 shares of the real estate investment trust’s stock valued at $15,512,000 after buying an additional 8,388 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Potlatch by 130.0% during the 1st quarter. AQR Capital Management LLC now owns 485,689 shares of the real estate investment trust’s stock worth $21,691,000 after acquiring an additional 274,535 shares during the period. Ancora Advisors LLC boosted its stake in Potlatch by 3.8% in the 1st quarter. Ancora Advisors LLC now owns 346,212 shares of the real estate investment trust’s stock worth $15,621,000 after purchasing an additional 12,573 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in Potlatch in the 1st quarter worth about $19,176,000. Finally, Graham Capital Management L.P. bought a new position in Potlatch in the 1st quarter worth about $1,217,000. 86.06% of the stock is owned by hedge funds and other institutional investors.

Potlatch Trading Up 2.6%

NASDAQ PCH opened at $42.66 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.13 and a debt-to-equity ratio of 0.47. Potlatch Corporation has a twelve month low of $36.82 and a twelve month high of $48.12. The firm has a market capitalization of $3.30 billion, a PE ratio of 80.49 and a beta of 1.12. The stock’s 50 day moving average is $41.80 and its 200 day moving average is $41.23.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $274.99 million during the quarter, compared to analysts’ expectations of $267.66 million. Potlatch had a return on equity of 2.10% and a net margin of 3.94%.The firm’s quarterly revenue was down 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. Research analysts forecast that Potlatch Corporation will post 0.8 earnings per share for the current fiscal year.

Potlatch Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.45 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 4.2%. Potlatch’s payout ratio is currently 339.62%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PCH shares. Citigroup reaffirmed a “buy” rating and issued a $47.00 price target (down previously from $49.00) on shares of Potlatch in a report on Tuesday, June 3rd. Truist Financial raised Potlatch from a “hold” rating to a “buy” rating and raised their price objective for the company from $44.00 to $52.00 in a report on Wednesday, July 16th. Finally, Wall Street Zen cut Potlatch from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $49.83.

Potlatch Company 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.