News stories about Potlatch (NASDAQ:PCH) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Potlatch earned a news impact score of 0.10 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 44.9442979968898 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- KBR Wins Twin Deals, Bolsters Government Services Business (finance.yahoo.com)
- The Zacks Analyst Blog Highlights: Boise Cascade, Louisiana-Pacific, Potlatch, Meritage Homes and Lyon William (finance.yahoo.com)
- $168.68 Million in Sales Expected for Potlatch Co. (PCH) This Quarter (americanbankingnews.com)
- March Builders' Confidence on a “Solid Footing”: 5 Picks (finance.yahoo.com)
- Potlatch Co. (PCH) Expected to Announce Earnings of $0.69 Per Share (americanbankingnews.com)
Shares of PCH stock opened at $51.95 on Wednesday. Potlatch has a 1-year low of $43.15 and a 1-year high of $56.35. The company has a quick ratio of 1.91, a current ratio of 2.58 and a debt-to-equity ratio of 2.79. The company has a market cap of $2,170.66, a PE ratio of 24.74, a PEG ratio of 3.58 and a beta of 1.36.
Potlatch (NASDAQ:PCH) last posted its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.06). Potlatch had a return on equity of 55.47% and a net margin of 12.74%. The company had revenue of $175.24 million for the quarter, compared to analysts’ expectations of $170.54 million. sell-side analysts expect that Potlatch will post 2.98 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Wednesday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 3.08%. Potlatch’s dividend payout ratio (DPR) is presently 76.19%.
Several brokerages recently issued reports on PCH. Zacks Investment Research lowered shares of Potlatch from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. BidaskClub lowered shares of Potlatch from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. BMO Capital Markets increased their target price on shares of Potlatch from $42.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Raymond James Financial raised shares of Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research note on Monday, January 8th. Finally, UBS raised shares of Potlatch from a “market perform” rating to an “outperform” rating in a research note on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $51.17.
In other Potlatch news, VP Thomas J. Temple sold 2,401 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $54.41, for a total transaction of $130,638.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Eric J. Cremers sold 15,150 shares of the stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $51.00, for a total transaction of $772,650.00. Following the transaction, the chief operating officer now owns 85,710 shares of the company’s stock, valued at approximately $4,371,210. The disclosure for this sale can be found here. Insiders have sold 173,669 shares of company stock valued at $9,001,448 in the last quarter. Company insiders own 1.52% of the company’s stock.
Potlatch Company Profile
PotlatchDeltic Corp, formerly 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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