Potlatch Corporation (PCH) : Stelac Advisory Services reduced its stake in Potlatch Corporation by 9.5% during the most recent quarter end. The investment management company now holds a total of 11,056 shares of Potlatch Corporation which is valued at $418,470 after selling 1,160 shares in Potlatch Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Potlatch Corporation makes up approximately 0.12% of Stelac Advisory Services’s portfolio.
Other Hedge Funds, Including , Retirement Systems Of Alabama boosted its stake in PCH in the latest quarter, The investment management firm added 30 additional shares and now holds a total of 52,486 shares of Potlatch Corporation which is valued at $1,943,032. Potlatch Corporation makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.Louisiana State Employees Retirement System reduced its stake in PCH by selling 500 shares or 4.42% in the most recent quarter. The Hedge Fund company now holds 10,800 shares of PCH which is valued at $399,816. Potlatch Corporation makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.First National Bank Of Omaha reduced its stake in PCH by selling 100 shares or 1.13% in the most recent quarter. The Hedge Fund company now holds 8,757 shares of PCH which is valued at $321,207. Potlatch Corporation makes up approx 0.02% of First National Bank Of Omaha’s portfolio.
Potlatch Corporation closed down -0.09 points or -0.24% at $37.76 with 1,49,985 shares getting traded on Thursday. Post opening the session at $38.58, the shares hit an intraday low of $37.74 and an intraday high of $38.69 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Potlatch Corporation reported $0.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.07. The company had revenue of $141.50 million for the quarter, compared to analysts expectations of $135.32 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Many Wall Street Analysts have commented on Potlatch Corporation. Shares were Downgraded by DA Davidson on Jul 27, 2016 to ” Neutral” and Lowered the Price Target to $ 40 from a previous price target of $56 .Company shares were Reiterated by RBC Capital Mkts on Jun 17, 2016 to “Outperform”, Firm has raised the Price Target to $ 45 from a previous price target of $42 .
Potlatch Corporation is a real estate investment trust (REIT). The Company owns approximately 1.6 million acres of timberlands in Alabama Arkansas Idaho Minnesota and Mississippi. The Company operates in three business segments: Resource Wood Products and Real Estate. The Resource segment manages the Company’s timberlands. Its Wood Products segment manufactures and markets lumber and plywood. The business of its Real Estate segment consists primarily of the sale of selected non-core timberland real estate which consists of three categories of property: higher and better use (HBU) rural real estate and non-strategic The Real Estate segment is engaged in real estate sales subdivision and development activities through Potlatch TRS. The Company through its wholly owned subsidiaries operates real estate sales and development business and five wood products manufacturing facilities that produce lumber and plywood.