State Treasurer State of Michigan Increases Stake in Potlatch Corporation (PCH)

State Treasurer State of Michigan boosted its position in shares of Potlatch Corporation (NASDAQ:PCH) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,741 shares of the real estate investment trust’s stock after buying an additional 300 shares during the period. State Treasurer State of Michigan’s holdings in Potlatch Corporation were worth $765,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Flinton Capital Management LLC boosted its position in Potlatch Corporation by 28.3% in the first quarter. Flinton Capital Management LLC now owns 2,618 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 578 shares during the period. LS Investment Advisors LLC boosted its position in Potlatch Corporation by 18.2% in the second quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 483 shares during the period. Sit Investment Associates Inc. boosted its position in Potlatch Corporation by 115.0% in the first quarter. Sit Investment Associates Inc. now owns 4,300 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 2,300 shares during the period. Worth Venture Partners LLC purchased a new position in Potlatch Corporation during the first quarter worth $204,000. Finally, First City Capital Management Inc. purchased a new position in Potlatch Corporation during the first quarter worth $206,000. Institutional investors own 80.72% of the company’s stock.

Potlatch Corporation (NASDAQ:PCH) traded up 0.11% during mid-day trading on Friday, hitting $44.40. 232,494 shares of the stock were exchanged. Potlatch Corporation has a 52-week low of $35.38 and a 52-week high of $49.00. The stock’s 50 day moving average is $46.90 and its 200 day moving average is $45.63. The stock has a market cap of $1.80 billion, a PE ratio of 21.97 and a beta of 1.41.

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PCH has been the topic of several research analyst reports. UBS AG cut shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 27th. BidaskClub cut shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded shares of Potlatch Corporation from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, May 2nd. Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 price target on shares of Potlatch Corporation in a research note on Monday, July 31st. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $40.00 price target on shares of Potlatch Corporation in a research note on Thursday, July 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $45.80.

About Potlatch Corporation

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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