BidaskClub downgraded shares of Potlatch (NASDAQ:PCH) from a sell rating to a strong sell rating in a report published on Wednesday, December 27th.
PCH has been the subject of several other research reports. Zacks Investment Research downgraded shares of Potlatch from a strong-buy rating to a hold rating in a research report on Wednesday, October 25th. DA Davidson upped their price objective on shares of Potlatch to $47.00 and gave the stock an underperform rating in a research report on Tuesday, October 24th. BMO Capital Markets restated a hold rating on shares of Potlatch in a research report on Monday, October 23rd. Bank of America upped their price objective on shares of Potlatch from $50.00 to $54.00 and gave the stock an underperform rating in a research report on Wednesday, October 25th. Finally, Vertical Research cut shares of Potlatch from a hold rating to a sell rating in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $49.67.
Potlatch (NASDAQ PCH) opened at $51.55 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 1.72 and a debt-to-equity ratio of 2.92. Potlatch has a twelve month low of $39.05 and a twelve month high of $56.35. The company has a market cap of $2,105.67, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 3.81 and a beta of 1.44.
Potlatch (NASDAQ:PCH) last posted its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. The company had revenue of $190.40 million during the quarter, compared to analysts’ expectations of $187.29 million. During the same quarter in the previous year, the business posted $0.68 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. equities analysts forecast that Potlatch will post 2.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were paid a dividend of $0.40 per share. This is a boost from Potlatch’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, December 7th. Potlatch’s dividend payout ratio (DPR) is currently 73.73%.
In other Potlatch news, VP William R. Dereu sold 4,720 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the sale, the vice president now directly owns 26,142 shares of the company’s stock, valued at approximately $1,372,455. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.52% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of PCH. D.A. Davidson & CO. raised its holdings in Potlatch by 19.4% in the second quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 423 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in Potlatch in the third quarter valued at approximately $142,000. Riverhead Capital Management LLC raised its holdings in Potlatch by 75.3% in the second quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock valued at $152,000 after buying an additional 1,431 shares during the period. Flinton Capital Management LLC raised its holdings in Potlatch by 68.8% in the second quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock valued at $202,000 after buying an additional 1,802 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new position in Potlatch in the third quarter valued at approximately $206,000. Hedge funds and other institutional investors own 84.79% of the company’s stock.
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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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