Citadel Advisors LLC cut its position in Potlatch Corporation (NASDAQ:PCH) by 40.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,424 shares of the real estate investment trust’s stock after selling 20,808 shares during the quarter. Citadel Advisors LLC owned about 0.07% of Potlatch Corporation worth $1,390,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mosaic Financial Partners Inc. raised its position in shares of Potlatch Corporation by 5.0% in the second quarter. Mosaic Financial Partners Inc. now owns 45,204 shares of the real estate investment trust’s stock valued at $2,066,000 after purchasing an additional 2,167 shares during the period. American Century Companies Inc. lifted its stake in shares of Potlatch Corporation by 196.7% during the 2nd quarter. American Century Companies Inc. now owns 396,897 shares of the real estate investment trust’s stock valued at $18,138,000 after buying an additional 263,132 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Potlatch Corporation by 8.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 236,671 shares of the real estate investment trust’s stock valued at $10,816,000 after buying an additional 17,517 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Potlatch Corporation by 80.9% during the 2nd quarter. Bank of Montreal Can now owns 49,769 shares of the real estate investment trust’s stock valued at $2,274,000 after buying an additional 22,264 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Potlatch Corporation by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 333,691 shares of the real estate investment trust’s stock valued at $15,249,000 after buying an additional 24,445 shares in the last quarter. Hedge funds and other institutional investors own 83.25% of the company’s stock.

Potlatch Corporation (NASDAQ PCH) opened at 52.35 on Wednesday. The stock’s 50 day moving average price is $47.80 and its 200-day moving average price is $46.61. Potlatch Corporation has a 52 week low of $36.35 and a 52 week high of $52.45. The company has a market capitalization of $2.13 billion, a PE ratio of 25.90 and a beta of 1.41.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.375 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.87%. Potlatch Corporation’s payout ratio is currently 73.89%.

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A number of research firms recently weighed in on PCH. Raymond James Financial, Inc. lowered shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. BMO Capital Markets reissued a “hold” rating and set a $40.00 target price on shares of Potlatch Corporation in a report on Thursday, July 20th. BidaskClub upgraded Potlatch Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research downgraded Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $47.00 target price on shares of Potlatch Corporation in a research report on Monday, July 31st. 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. The company currently has an average rating of “Hold” and a consensus price target of $45.80.

Potlatch Corporation 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.

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

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