Potlatch (NASDAQ:PCH) was upgraded by analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued to investors on Tuesday, January 2nd, Marketbeat Ratings reports. The brokerage presently has a $54.00 price target on the real estate investment trust’s stock. Bank of America’s target price indicates a potential upside of 6.51% from the company’s current price.
Several other equities research analysts also recently weighed in on PCH. BidaskClub upgraded Potlatch from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Vertical Research downgraded Potlatch from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BMO Capital Markets reiterated a “hold” rating on shares of Potlatch in a report on Monday, October 23rd. DA Davidson raised their price objective on Potlatch to $47.00 and gave the stock an “underperform” rating in a report on Tuesday, October 24th. Finally, Zacks Investment Research downgraded Potlatch from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Potlatch has a consensus rating of “Hold” and a consensus price target of $49.67.
Potlatch (NASDAQ:PCH) opened at $50.70 on Tuesday. Potlatch has a one year low of $39.05 and a one year high of $56.35. The company has a market capitalization of $2,090.00, a P/E ratio of 23.47, a P/E/G ratio of 3.79 and a beta of 1.44. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.72 and a current ratio of 2.17.
Potlatch (NASDAQ:PCH) last announced its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Potlatch had a return on equity of 54.42% and a net margin of 13.54%. The company had revenue of $190.40 million during the quarter, compared to analyst estimates of $187.29 million. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. equities analysts anticipate that Potlatch will post 2.39 EPS for the current year.
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 sale, the vice president now owns 26,142 shares of the company’s stock, valued at approximately $1,372,455. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.52% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Potlatch by 0.4% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,018 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 30 shares in the last quarter. Amalgamated Bank boosted its position in shares of Potlatch by 4.6% in the 2nd quarter. Amalgamated Bank now owns 5,838 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 255 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Potlatch by 0.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 110,575 shares of the real estate investment trust’s stock worth $5,053,000 after purchasing an additional 339 shares in the last quarter. SG Americas Securities LLC raised its stake in Potlatch by 4.4% in the 2nd quarter. SG Americas Securities LLC now owns 9,893 shares of the real estate investment trust’s stock worth $452,000 after acquiring an additional 413 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in Potlatch by 19.4% in the 2nd quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 423 shares during the last quarter. 84.79% of the stock is owned by hedge funds and other institutional investors.
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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.
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