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Peregrine Capital cut its stake in Potlatch, but Potlatch still reported strong earnings and a high dividend.
Peregrine Capital Management reduced its stake in Potlatch Corporation by 15.6% in the first quarter, while Oppenheimer Asset Management increased its holdings by 53.2%.
Potlatch, a real estate investment trust, reported strong earnings of $0.33 per share, beating estimates, with a market cap of $3.06 billion.
The company also announced a quarterly dividend of $0.45 per share.
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Peregrine Capital recortó su participación en Potlatch, pero Potlatch todavía reportó fuertes ganancias y un alto dividendo.