Municipal Employees Retirement System of Michigan cut its stake in shares of Potlatch Corporation (NASDAQ:PCH) by 16.1% during the second quarter, Holdings Channel reports. The institutional investor owned 15,680 shares of the real estate investment trust’s stock after selling 3,000 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Potlatch Corporation were worth $717,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Flinton Capital Management LLC increased its position in Potlatch Corporation by 28.3% in the first quarter. Flinton Capital Management LLC now owns 2,618 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 578 shares in the last quarter. LS Investment Advisors LLC increased its position in Potlatch Corporation by 18.2% in the second quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 483 shares in the last quarter. Sit Investment Associates Inc. increased its position in Potlatch Corporation by 115.0% in the first quarter. Sit Investment Associates Inc. now owns 4,300 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 2,300 shares in the last quarter. Worth Venture Partners LLC bought a new position in Potlatch Corporation during the first quarter valued at approximately $204,000. Finally, First City Capital Management Inc. bought a new position in Potlatch Corporation during the first quarter valued at approximately $206,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Potlatch Corporation (PCH) opened at 46.90 on Wednesday. The company has a market capitalization of $1.90 billion, a PE ratio of 23.21 and a beta of 1.41. Potlatch Corporation has a one year low of $35.38 and a one year high of $49.00. The firm’s 50-day moving average is $46.94 and its 200 day moving average is $45.61.

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Several research analysts recently commented on PCH shares. BidaskClub downgraded shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research raised 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. Raymond James Financial, Inc. downgraded shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. Vertical Research raised shares of Potlatch Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $40.00 price target on shares of Potlatch Corporation in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.80.

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.

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

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