OLD National Bancorp IN Invests $414,000 in Potlatch Co. (PCH) Stock

OLD National Bancorp IN bought a new position in shares of Potlatch Co. (NASDAQ:PCH) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,291 shares of the real estate investment trust’s stock, valued at approximately $414,000.

A number of other institutional investors have also recently added to or reduced their stakes in PCH. Wealthcare Advisory Partners LLC acquired a new position in shares of Potlatch during the third quarter valued at about $142,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Potlatch during the third quarter valued at about $206,000. BlueCrest Capital Management Ltd acquired a new position in shares of Potlatch during the second quarter valued at about $231,000. ING Groep NV raised its position in shares of Potlatch by 23.2% during the fourth quarter. ING Groep NV now owns 6,128 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 1,155 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new position in shares of Potlatch during the third quarter valued at about $313,000. 84.88% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on PCH. BMO Capital Markets upped their price objective on shares of Potlatch from $42.00 to $49.00 and gave the company a “market perform” rating in a research report on Monday. BidaskClub cut shares of Potlatch from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Raymond James Financial raised shares of Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research note on Monday, January 8th. Bank of America raised shares of Potlatch from an “underperform” rating to a “neutral” rating and set a $54.00 target price on the stock in a research note on Tuesday, January 2nd. Finally, Zacks Investment Research cut shares of Potlatch from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.17.

Shares of Potlatch Co. (NASDAQ:PCH) opened at $54.30 on Thursday. The firm has a market cap of $2,107.76, a PE ratio of 21.36, a P/E/G ratio of 3.50 and a beta of 1.39. Potlatch Co. has a 52 week low of $42.80 and a 52 week high of $56.35. The company has a debt-to-equity ratio of 2.79, a current ratio of 2.28 and a quick ratio of 1.69.

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About Potlatch

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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Institutional Ownership by Quarter for Potlatch (NASDAQ:PCH)

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