Potlatch Corporation (NASDAQ:PCH) Receives $48.83 Average PT from Analysts

Shares of Potlatch Corporation (NASDAQ:PCH) have earned an average recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $46.50.

PCH has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $48.00 price target on shares of Potlatch in a research note on Monday, November 10th. Zacks Research cut shares of Potlatch from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Potlatch in a research report on Wednesday, October 8th. Wall Street Zen downgraded Potlatch from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, DA Davidson restated a “neutral” rating and issued a $40.00 price target (down from $54.00) on shares of Potlatch in a research note on Thursday.

Institutional Investors Weigh In On Potlatch

Institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in Potlatch by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 166,650 shares of the real estate investment trust’s stock valued at $7,519,000 after acquiring an additional 1,624 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Potlatch by 9.3% during the first quarter. Envestnet Asset Management Inc. now owns 36,674 shares of the real estate investment trust’s stock worth $1,655,000 after purchasing an additional 3,126 shares during the period. Cerity Partners LLC grew its stake in Potlatch by 25.2% during the first quarter. Cerity Partners LLC now owns 26,915 shares of the real estate investment trust’s stock worth $1,214,000 after buying an additional 5,422 shares in the last quarter. Ballentine Partners LLC bought a new position in Potlatch in the 1st quarter valued at about $239,000. Finally, Saturna Capital Corp raised its position in shares of Potlatch by 24.7% in the 1st quarter. Saturna Capital Corp now owns 12,640 shares of the real estate investment trust’s stock valued at $570,000 after buying an additional 2,500 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors.

Potlatch Trading Down 1.9%

PCH opened at $39.31 on Thursday. The firm’s fifty day simple moving average is $41.08 and its 200 day simple moving average is $40.62. The stock has a market capitalization of $3.04 billion, a P/E ratio of 74.17 and a beta of 1.11. The company has a current ratio of 1.13, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47. Potlatch has a 12 month low of $36.82 and a 12 month high of $48.12.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 EPS for the quarter. The business had revenue of $354.19 million for the quarter. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. As a group, research analysts anticipate that Potlatch will post 0.8 EPS for the current fiscal year.

Potlatch Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.45 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.80 annualized dividend and a yield of 4.6%. Potlatch’s payout ratio is 219.51%.

Potlatch Company Profile

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.