Potlatch Corporation (NASDAQ:PCH) VP William R. Dereu sold 4,720 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the completion of the transaction, the vice president now directly owns 26,142 shares in the company, valued at approximately $1,372,455. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Potlatch Corporation (NASDAQ PCH) opened at $52.55 on Tuesday. The firm has a market cap of $2,136.13, a price-to-earnings ratio of 23.48, a price-to-earnings-growth ratio of 4.15 and a beta of 1.45. The company has a current ratio of 2.17, a quick ratio of 1.72 and a debt-to-equity ratio of 2.92. Potlatch Corporation has a fifty-two week low of $38.35 and a fifty-two week high of $56.35.

Potlatch Corporation (NASDAQ:PCH) last posted its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.06. Potlatch Corporation had a net margin of 13.54% and a return on equity of 54.42%. The business had revenue of $190.40 million during the quarter, compared to analyst estimates of $187.29 million. During the same period in the previous year, the business posted $0.68 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. sell-side analysts predict that Potlatch Corporation will post 2.54 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be issued a $0.40 dividend. The ex-dividend date is Thursday, December 7th. This is a positive change from Potlatch Corporation’s previous quarterly dividend of $0.38. This represents a $1.60 annualized dividend and a dividend yield of 3.04%. Potlatch Corporation’s payout ratio is 69.12%.

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PCH has been the topic of several analyst reports. Zacks Investment Research raised shares of Potlatch Corporation from a “hold” rating to a “strong-buy” rating and set a $59.00 price target on the stock in a research note on Thursday, October 26th. Bank of America Corporation lifted their price target on shares of Potlatch Corporation from $50.00 to $54.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 25th. BidaskClub downgraded shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. DA Davidson lifted their price target on shares of Potlatch Corporation to $47.00 and gave the stock an “underperform” rating in a research note on Tuesday, October 24th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Potlatch Corporation in a research note on Monday, October 23rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Potlatch Corporation has an average rating of “Hold” and a consensus price target of $49.40.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Potlatch Corporation by 1.6% during the 2nd quarter. BlackRock Inc. now owns 4,839,675 shares of the real estate investment trust’s stock valued at $221,173,000 after purchasing an additional 75,874 shares during the period. Vanguard Group Inc. boosted its stake in Potlatch Corporation 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 purchasing an additional 251,612 shares during the period. Renaissance Technologies LLC boosted its stake in Potlatch Corporation by 3.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,588,200 shares of the real estate investment trust’s stock valued at $72,581,000 after purchasing an additional 59,647 shares during the period. State Street Corp boosted its stake in Potlatch Corporation by 8.0% during the 2nd quarter. State Street Corp now owns 1,378,999 shares of the real estate investment trust’s stock valued at $63,023,000 after purchasing an additional 102,275 shares during the period. Finally, Pictet Asset Management Ltd. boosted its stake in Potlatch Corporation by 8.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 1,105,370 shares of the real estate investment trust’s stock valued at $56,374,000 after purchasing an additional 86,425 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Potlatch Corporation 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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