BidaskClub upgraded shares of Potlatch Corporation (NASDAQ:PCH) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

A number of other equities research analysts also recently weighed in on PCH. UBS AG downgraded Potlatch Corporation from an outperform rating to a market perform rating in a report on Tuesday, June 27th. Raymond James Financial, Inc. downgraded Potlatch Corporation from an outperform rating to a market perform rating in a report on Tuesday, June 27th. Zacks Investment Research downgraded Potlatch Corporation from a buy rating to a hold rating in a report on Tuesday, July 4th. BMO Capital Markets reissued a hold rating and set a $40.00 target price on shares of Potlatch Corporation in a report on Thursday, July 20th. Finally, Royal Bank Of Canada reissued a hold rating and set a $47.00 target price on shares of Potlatch Corporation in a report on Monday, July 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $45.80.

Shares of Potlatch Corporation (NASDAQ:PCH) opened at 51.00 on Wednesday. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 25.24 and a beta of 1.41. Potlatch Corporation has a 12-month low of $36.35 and a 12-month high of $51.30. The stock has a 50 day moving average of $46.96 and a 200 day moving average of $46.12.

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The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Thursday, September 14th. Potlatch Corporation’s dividend payout ratio (DPR) is presently 73.89%.

A number of hedge funds have recently bought and sold shares of PCH. D.A. Davidson & CO. raised its stake in Potlatch Corporation by 19.4% in the second quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 423 shares in the last quarter. LS Investment Advisors LLC raised its stake in Potlatch Corporation by 18.2% in the second quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 483 shares in the last quarter. Riverhead Capital Management LLC raised its stake in Potlatch Corporation by 75.3% in the second quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 1,431 shares in the last quarter. Flinton Capital Management LLC raised its stake in Potlatch Corporation by 68.8% in the second quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 1,802 shares in the last quarter. Finally, First City Capital Management Inc. acquired a new position in Potlatch Corporation in the first quarter valued at about $206,000. 83.25% of the stock is owned by institutional investors and hedge funds.

About Potlatch Corporation

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.

Analyst Recommendations for Potlatch Corporation (NASDAQ:PCH)

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