Wyoming Doubles Down on Potlatch With $743K Stake

The State of Wyoming just went big on timber REIT PotlatchDeltic (NASDAQ: PCH), boosting its holdings by a hefty 116.9% in Q1. The state now owns 16,478 shares, worth about $743,000, according to its latest SEC filing, MarketBeat reports.

Wyoming isn’t the only one making moves—other institutional investors have been shuffling their positions too, signaling that Potlatch is still on Wall Street’s radar despite a bumpy revenue picture.

Potlatch’s most recent quarter was a bit of a mixed bag. The company reported earnings per share of $0.09, beating analyst expectations of $0.07. Revenue came in at $274.99 million, also ahead of estimates, though that figure was down 14.2% year-over-year.

Margins remain thin—Potlatch posted a net margin of 3.94%—but the earnings surprise shows the company can still deliver above the Street’s low bar.

For income-focused investors, the dividend is the headline: Potlatch declared a $0.45 per share quarterly payout, which works out to an annualized yield of 4.3%. The high payout ratio (339.62%) suggests the company is stretching to keep investors happy, but the yield is hard to ignore.

Analysts can’t quite agree on where Potlatch is headed. Citigroup and Truist Financial have both slapped a Buy rating on the stock, with Truist lifting its target to $52. Meanwhile, Wall Street Zen recently downgraded it to Sell. The consensus price target sits around $50, giving the stock some room to climb from its current $42 range.

Wyoming’s big bet comes as Potlatch navigates softer revenue but hangs onto its dividend appeal. With analysts split and institutional investors adjusting their stakes, PCH remains a stock to watch—especially for those eyeing steady dividends in a shaky market.

MarketBeat, however, has its eye on other names, flagging five different stocks it says are better buys this October.