Employees Retirement System of Texas Invests $3.75 Million in Potlatch Corporation (PCH) Stock

Employees Retirement System of Texas acquired a new position in shares of Potlatch Corporation (NASDAQ:PCH) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 82,000 shares of the real estate investment trust’s stock, valued at approximately $3,747,000. Employees Retirement System of Texas owned about 0.20% of Potlatch Corporation as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the business. Balyasny Asset Management LLC raised its position in Potlatch Corporation by 38.8% during the 2nd quarter. Balyasny Asset Management LLC now owns 337,548 shares of the real estate investment trust’s stock worth $15,426,000 after buying an additional 94,314 shares during the last quarter. QS Investors LLC raised its position in Potlatch Corporation by 8.2% during the 2nd quarter. QS Investors LLC now owns 148,969 shares of the real estate investment trust’s stock worth $6,808,000 after buying an additional 11,293 shares during the last quarter. Numeric Investors LLC purchased a new position in Potlatch Corporation during the 2nd quarter worth $329,000. Zacks Investment Management purchased a new position in Potlatch Corporation during the 2nd quarter worth $1,281,000. Finally, Voya Investment Management LLC raised its position in Potlatch Corporation by 283.9% during the 2nd quarter. Voya Investment Management LLC now owns 136,267 shares of the real estate investment trust’s stock worth $6,227,000 after buying an additional 100,774 shares during the last quarter. Institutional investors own 83.31% of the company’s stock.

Potlatch Corporation (NASDAQ PCH) opened at 52.45 on Tuesday. Potlatch Corporation has a one year low of $36.35 and a one year high of $52.60. The stock has a 50 day moving average of $49.38 and a 200-day moving average of $46.99. The stock has a market cap of $2.13 billion, a P/E ratio of 25.95 and a beta of 1.41.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.86%. The ex-dividend date was Thursday, September 14th. Potlatch Corporation’s dividend payout ratio (DPR) is presently 73.89%.

A number of brokerages have commented on PCH. Vertical Research downgraded shares of Potlatch Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. UBS AG downgraded shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. BidaskClub upgraded shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. BMO Capital Markets restated a “hold” rating and set a $40.00 price objective on shares of Potlatch Corporation in a research report on Thursday, July 20th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $47.00 price objective on shares of Potlatch Corporation in a research report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, seven have given 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.

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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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