Bank of Montreal Can lowered its stake in Potlatch Co. (NASDAQ:PCH) by 93.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,320 shares of the real estate investment trust’s stock after selling 46,221 shares during the period. Bank of Montreal Can’s holdings in Potlatch were worth $166,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of PCH. Janus Henderson Group PLC purchased a new stake in Potlatch during the 2nd quarter valued at $954,000. State Street Corp boosted its stake in Potlatch by 8.0% during the 2nd quarter. State Street Corp now owns 1,378,999 shares of the real estate investment trust’s stock valued at $63,023,000 after purchasing an additional 102,275 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Potlatch by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 90,029 shares of the real estate investment trust’s stock valued at $4,115,000 after purchasing an additional 879 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Potlatch by 101.3% during the 3rd quarter. Nationwide Fund Advisors now owns 271,388 shares of the real estate investment trust’s stock valued at $13,841,000 after purchasing an additional 136,601 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in Potlatch by 8.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,105,370 shares of the real estate investment trust’s stock valued at $56,374,000 after purchasing an additional 86,425 shares during the last quarter. Institutional investors own 85.80% of the company’s stock.
In other news, VP Thomas J. Temple sold 2,401 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $54.41, for a total transaction of $130,638.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael J. Covey sold 19,414 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $54.41, for a total value of $1,056,315.74. The disclosure for this sale can be found here. Insiders have sold a total of 36,392 shares of company stock worth $1,980,136 over the last three months. Insiders own 1.52% of the company’s stock.
Potlatch Co. (NASDAQ:PCH) opened at $52.25 on Monday. The firm has a market capitalization of $2,121.98, a price-to-earnings ratio of 24.88, a PEG ratio of 3.52 and a beta of 1.39. The company has a debt-to-equity ratio of 2.79, a quick ratio of 1.69 and a current ratio of 2.58. Potlatch Co. has a twelve month low of $42.80 and a twelve month high of $56.35.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Wednesday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $1.60 annualized dividend and a dividend yield of 3.06%. Potlatch’s payout ratio is 76.19%.
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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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