Potlatch Corporation (NASDAQ:PCH) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its stake in shares of Potlatch Corporation (NASDAQ:PCH) by 10.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,167 shares of the real estate investment trust’s stock after selling 464 shares during the period. Advisors Asset Management Inc.’s holdings in Potlatch Corporation were worth $190,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PCH. Teachers Advisors LLC lifted its position in shares of Potlatch Corporation by 2.2% during the 4th quarter. Teachers Advisors LLC now owns 73,429 shares of the real estate investment trust’s stock valued at $3,058,000 after acquiring an additional 1,568 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Potlatch Corporation by 792.7% during the 1st quarter. Bank of Montreal Can now owns 27,505 shares of the real estate investment trust’s stock valued at $1,258,000 after acquiring an additional 24,424 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Potlatch Corporation by 2.0% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the real estate investment trust’s stock valued at $466,000 after acquiring an additional 200 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Potlatch Corporation by 3.1% during the 1st quarter. Nationwide Fund Advisors now owns 134,812 shares of the real estate investment trust’s stock valued at $6,161,000 after acquiring an additional 4,038 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Potlatch Corporation by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,088 shares of the real estate investment trust’s stock valued at $644,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 83.25% of the company’s stock.

PCH has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 target price for the company in a report on Friday, July 28th. BidaskClub lowered Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Royal Bank Of Canada restated a “hold” rating and issued a $47.00 target price on shares of Potlatch Corporation in a report on Monday, July 31st. UBS AG downgraded shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. Finally, 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Potlatch Corporation has an average rating of “Hold” and an average price target of $45.80.

COPYRIGHT VIOLATION NOTICE: This article was published by BBNS and is owned by of BBNS. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://baseballnewssource.com/markets/advisors-asset-management-inc-sells-464-shares-of-potlatch-corporation-pch/1609259.html.

Potlatch Corporation (NASDAQ PCH) opened at 47.85 on Friday. Potlatch Corporation has a 52-week low of $35.92 and a 52-week high of $49.35. The firm has a market capitalization of $1.94 billion, a P/E ratio of 23.68 and a beta of 1.41. The firm’s 50-day moving average is $46.92 and its 200 day moving average is $46.04.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.50 annualized dividend and a yield of 3.13%. Potlatch Corporation’s dividend payout ratio is currently 73.89%.

Potlatch Corporation Company 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)

Receive News & Ratings for Potlatch Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch Corporation and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.