Potlatch (NASDAQ:PCH) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
Other equities research analysts also recently issued reports about the stock. Vertical Research downgraded shares of Potlatch from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BMO Capital Markets reissued a “hold” rating on shares of Potlatch in a research note on Monday, October 23rd. DA Davidson boosted their price target on shares of Potlatch to $47.00 and gave the company an “underperform” rating in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Potlatch from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Bank of America boosted their price target on shares of Potlatch from $50.00 to $54.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.67.
Potlatch (NASDAQ PCH) opened at $51.55 on Friday. 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 firm has a market cap of $2,093.49, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.79 and a beta of 1.44. Potlatch has a fifty-two week low of $39.05 and a fifty-two week high of $56.35.
Potlatch (NASDAQ:PCH) last posted its earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $190.40 million for the quarter, compared to analyst estimates of $187.29 million. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. Potlatch’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. equities research analysts predict that Potlatch will post 2.39 earnings per share for the current fiscal year.
In other news, VP William R. Dereu sold 4,720 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $52.50, for a total value 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.52% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in PCH. American Century Companies Inc. increased its stake in Potlatch by 120.8% during the 3rd quarter. American Century Companies Inc. now owns 876,175 shares of the real estate investment trust’s stock worth $44,685,000 after buying an additional 479,278 shares during the period. Vanguard Group Inc. increased its position in shares of Potlatch by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock valued at $168,183,000 after purchasing an additional 251,612 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Potlatch by 112.4% in the 3rd quarter. Principal Financial Group Inc. now owns 369,872 shares of the real estate investment trust’s stock valued at $18,863,000 after purchasing an additional 195,726 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Potlatch by 31.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 688,893 shares of the real estate investment trust’s stock valued at $35,133,000 after purchasing an additional 166,615 shares during the last quarter. Finally, Boston Advisors LLC purchased a new stake in shares of Potlatch in the 3rd quarter valued at approximately $8,189,000. 84.79% of the stock is currently owned by hedge funds and other institutional investors.
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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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