BidaskClub upgraded shares of Potlatch (NASDAQ:PCH) from a sell rating to a hold rating in a research note issued to investors on Saturday, January 13th.
A number of other brokerages have also recently issued reports on PCH. Zacks Investment Research cut shares of Potlatch from a strong-buy rating to a hold rating in a research note on Wednesday, October 25th. DA Davidson upped their price target on shares of Potlatch to $47.00 and gave the stock an underperform rating in a research note on Tuesday, October 24th. Raymond James Financial upgraded shares of Potlatch from a market perform rating to an outperform rating and set a $54.00 price target on the stock in a research note on Monday, January 8th. UBS Group upgraded shares of Potlatch from a market perform rating to an outperform rating in a research note on Monday, January 8th. Finally, Bank of America upgraded shares of Potlatch from an underperform rating to a neutral rating and set a $54.00 target price on the stock in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $49.67.
Potlatch (NASDAQ PCH) opened at $51.95 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.72 and a debt-to-equity ratio of 2.92. The stock has a market cap of $2,109.79, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 3.82 and a beta of 1.44. Potlatch has a 1 year low of $39.05 and a 1 year high of $56.35.
Potlatch (NASDAQ:PCH) last released its earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.06. The firm had revenue of $190.40 million for the quarter, compared to the consensus estimate of $187.29 million. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. equities research analysts predict that Potlatch will post 2.39 earnings per share for the current year.
In related news, VP William R. Dereu sold 4,720 shares of the 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 completion of 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 at this hyperlink. Corporate insiders own 1.52% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in PCH. American Century Companies Inc. grew its holdings 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 valued at $44,685,000 after buying an additional 479,278 shares in the last quarter. Vanguard Group Inc. grew its holdings in Potlatch by 7.3% during 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 buying an additional 251,612 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Potlatch by 112.4% during 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 buying an additional 195,726 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Potlatch by 31.9% during 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 buying an additional 166,615 shares in the last quarter. Finally, Boston Advisors LLC purchased a new stake in Potlatch during the 3rd quarter valued at approximately $8,189,000. 84.80% of the stock is owned by institutional investors and hedge funds.
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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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