Potlatch Corporation (NASDAQ:PCH) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Wednesday, October 25th.
Other equities analysts have also issued research reports about the company. BMO Capital Markets reissued a “hold” rating on shares of Potlatch Corporation in a report on Monday, October 23rd. Royal Bank of Canada reissued a “hold” rating and issued a $47.00 target price on shares of Potlatch Corporation in a report on Monday, July 31st. Zacks Investment Research raised Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 price objective on the stock in a report on Friday, July 28th. Raymond James Financial, Inc. lowered Potlatch Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. Finally, UBS AG lowered Potlatch Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $49.40.
Potlatch Corporation (NASDAQ PCH) traded up $0.50 during mid-day trading on Wednesday, hitting $52.60. The stock had a trading volume of 643,500 shares, compared to its average volume of 308,984. The company has a quick ratio of 1.72, a current ratio of 2.17 and a debt-to-equity ratio of 2.92. The stock has a market capitalization of $2,115.83, a price-to-earnings ratio of 23.26, a PEG ratio of 4.11 and a beta of 1.45. Potlatch Corporation has a 1-year low of $38.35 and a 1-year high of $56.35.
Potlatch Corporation (NASDAQ:PCH) last released its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Potlatch Corporation had a return on equity of 54.42% and a net margin of 13.54%. The company had revenue of $190.40 million for the quarter, compared to analysts’ expectations of $187.29 million. During the same period in the prior year, the firm earned $0.68 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. equities research analysts forecast that Potlatch Corporation will post 2.54 earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of the company. Mosaic Financial Partners Inc. grew its stake in Potlatch Corporation by 5.0% in the 2nd quarter. Mosaic Financial Partners Inc. now owns 45,204 shares of the real estate investment trust’s stock worth $2,066,000 after acquiring an additional 2,167 shares during the period. American Century Companies Inc. grew its stake in shares of Potlatch Corporation by 196.7% during the 2nd quarter. American Century Companies Inc. now owns 396,897 shares of the real estate investment trust’s stock valued at $18,138,000 after buying an additional 263,132 shares during the period. Schwab Charles Investment Management Inc. grew its stake in shares of Potlatch Corporation by 8.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 236,671 shares of the real estate investment trust’s stock valued at $10,816,000 after buying an additional 17,517 shares during the period. Bank of Montreal Can grew its stake in shares of Potlatch Corporation by 80.9% during the 2nd quarter. Bank of Montreal Can now owns 49,769 shares of the real estate investment trust’s stock valued at $2,274,000 after buying an additional 22,264 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Potlatch Corporation by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 333,691 shares of the real estate investment trust’s stock valued at $15,249,000 after buying an additional 24,445 shares during the period. Institutional investors own 84.45% 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.
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