Potlatch (PCH) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Potlatch (NASDAQ:PCH) from a sell rating to a hold rating in a report published on Saturday morning.

PCH has been the subject of several other research reports. Zacks Investment Research downgraded Potlatch from a strong-buy rating to a hold rating in a report on Wednesday, October 25th. DA Davidson raised their price target on Potlatch to $47.00 and gave the company an underperform rating in a report on Tuesday, October 24th. Raymond James Financial raised Potlatch from a market perform rating to an outperform rating and set a $54.00 price target for the company in a report on Monday, January 8th. UBS Group raised Potlatch from a market perform rating to an outperform rating in a report on Monday, January 8th. Finally, Bank of America raised Potlatch from an underperform rating to a neutral rating and set a $54.00 price target for the company in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $49.67.

Shares of Potlatch (NASDAQ:PCH) traded down $0.30 during trading on Friday, reaching $51.55. The company’s stock had a trading volume of 332,517 shares, compared to its average volume of 542,721. Potlatch has a fifty-two week low of $39.05 and a fifty-two week high of $56.35. The firm has a market cap of $2,093.50, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 3.79 and a beta of 1.44. The company has a quick ratio of 1.72, a current ratio of 2.17 and a debt-to-equity ratio of 2.92.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. Potlatch had a return on equity of 54.42% and a net margin of 13.54%. The business had revenue of $190.40 million during the quarter, compared to the consensus estimate of $187.29 million. During the same quarter last year, the firm posted $0.68 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. sell-side analysts expect that Potlatch will post 2.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a dividend of $0.40 per share. This is a boost from Potlatch’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $1.60 annualized dividend and a yield of 3.10%. Potlatch’s dividend payout ratio (DPR) is presently 73.73%.

In other Potlatch news, VP William R. Dereu sold 4,720 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $52.50, for a total transaction of $247,800.00. Following the transaction, the vice president now owns 26,142 shares in the company, valued at approximately $1,372,455. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. D.A. Davidson & CO. increased its position in Potlatch by 19.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 423 shares during the period. Wealthcare Advisory Partners LLC bought a new position in Potlatch during the 3rd quarter worth $142,000. Riverhead Capital Management LLC increased its position in Potlatch by 75.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 1,431 shares during the period. Flinton Capital Management LLC increased its position in Potlatch by 68.8% during the 2nd quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 1,802 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new position in Potlatch during the 3rd quarter worth $206,000. Hedge funds and other institutional investors own 84.79% of the company’s stock.

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Potlatch 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 (NASDAQ:PCH)

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