Potlatch Corporation (NASDAQ:PCH) Stock Rating Reaffirmed by BMO Capital Markets

Potlatch Corporation (NASDAQ:PCH)‘s stock had its “hold” rating reiterated by investment analysts at BMO Capital Markets in a note issued to investors on Thursday. They currently have a $40.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ price target would suggest a potential downside of 16.84% from the company’s current price.

PCH has been the topic of a number of other research reports. BidaskClub downgraded shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research downgraded shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. DA Davidson downgraded shares of Potlatch Corporation from a “neutral” rating to an “underperform” rating and raised their price objective for the stock from $40.00 to $44.00 in a report on Tuesday, April 11th. Vertical Research downgraded shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. Finally, Raymond James Financial, Inc. downgraded shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. 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 stock. The company has an average rating of “Hold” and a consensus price target of $45.00.

Shares of Potlatch Corporation (PCH) opened at 48.10 on Thursday. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 71.15 and a beta of 1.41. The stock has a 50 day moving average of $46.38 and a 200 day moving average of $44.73. Potlatch Corporation has a 52-week low of $34.22 and a 52-week high of $48.85.

Potlatch Corporation (NASDAQ:PCH) last posted its quarterly earnings data on Wednesday, April 26th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. The company had revenue of $149.70 million for the quarter, compared to the consensus estimate of $137.66 million. Potlatch Corporation had a net margin of 4.46% and a return on equity of 42.10%. The company’s revenue was up 17.0% on a year-over-year basis. On average, equities research analysts expect that Potlatch Corporation will post $2.11 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in PCH. State Treasurer State of Michigan boosted its stake in Potlatch Corporation by 1.8% in the second quarter. State Treasurer State of Michigan now owns 16,741 shares of the real estate investment trust’s stock worth $765,000 after buying an additional 300 shares during the last quarter. Sit Investment Associates Inc. boosted its stake in Potlatch Corporation by 51.2% in the second quarter. Sit Investment Associates Inc. now owns 6,500 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 2,200 shares during the last quarter. Aperio Group LLC boosted its stake in Potlatch Corporation by 4.1% in the second quarter. Aperio Group LLC now owns 15,094 shares of the real estate investment trust’s stock worth $690,000 after buying an additional 597 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in Potlatch Corporation by 3.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the real estate investment trust’s stock worth $484,000 after buying an additional 400 shares during the last quarter. Finally, LS Investment Advisors LLC boosted its stake 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 last quarter. Institutional investors own 83.39% of the company’s stock.

Potlatch Corporation Company Profile

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.

Analyst Recommendations for Potlatch Corporation (NASDAQ:PCH)

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