Fmr LLC decreased its position in Potlatch Corporation (NASDAQ:PCH) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,495,870 shares of the real estate investment trust’s stock after selling 192,857 shares during the period. Fmr LLC owned approximately 8.61% of Potlatch Corporation worth $159,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in Potlatch Corporation by 1.6% in the 2nd quarter. BlackRock Inc. now owns 4,839,675 shares of the real estate investment trust’s stock worth $221,173,000 after purchasing an additional 75,874 shares in the last quarter. Vanguard Group Inc. boosted its stake in Potlatch Corporation by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock worth $168,183,000 after purchasing an additional 251,612 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Potlatch Corporation by 3.2% in the 1st quarter. Renaissance Technologies LLC now owns 1,528,553 shares of the real estate investment trust’s stock worth $69,855,000 after purchasing an additional 47,453 shares in the last quarter. State Street Corp boosted its stake in Potlatch Corporation by 0.8% in the 1st quarter. State Street Corp now owns 1,276,724 shares of the real estate investment trust’s stock worth $58,350,000 after purchasing an additional 9,887 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Potlatch Corporation by 38.7% in the 1st quarter. Wellington Management Group LLP now owns 1,229,747 shares of the real estate investment trust’s stock worth $56,200,000 after purchasing an additional 343,231 shares in the last quarter. Institutional investors own 83.25% of the company’s stock.

Several equities analysts have issued reports on PCH shares. BidaskClub upgraded shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Royal Bank Of Canada restated a “hold” rating and set a $47.00 target price on shares of Potlatch Corporation in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 target price on the stock in a research note on Friday, July 28th. BMO Capital Markets restated a “hold” rating and set a $40.00 target price on shares of Potlatch Corporation in a research note on Thursday, July 20th. Finally, Raymond James Financial, Inc. cut shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.80.

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Shares of Potlatch Corporation (NASDAQ:PCH) opened at 50.90 on Friday. Potlatch Corporation has a 12-month low of $36.35 and a 12-month high of $52.45. The company has a 50-day moving average of $48.07 and a 200 day moving average of $46.67. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 25.19 and a beta of 1.41.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Thursday, September 14th. Potlatch Corporation’s payout ratio is presently 73.89%.

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.

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

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