Potlatch (NASDAQ: PCH) recently received a number of ratings updates from brokerages and research firms:

  • 1/8/2018 – Potlatch was upgraded by analysts at Raymond James Financial, Inc. from a “market perform” rating to an “outperform” rating. They now have a $54.00 price target on the stock.
  • 1/8/2018 – Potlatch was upgraded by analysts at UBS Group AG from a “market perform” rating to an “outperform” rating.
  • 1/6/2018 – Potlatch was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Potlatch Corporation is a Real Estate Investment Trust (REIT) with approximately 1.4 million acres of timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi. Potlatch, a certified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. “
  • 1/5/2018 – Potlatch was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Potlatch Corporation is a Real Estate Investment Trust (REIT) with approximately 1.4 million acres of timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi. Potlatch, a certified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. “
  • 1/4/2018 – Potlatch was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/2/2018 – Potlatch was upgraded by analysts at Bank of America Corp from an “underperform” rating to a “neutral” rating. They now have a $54.00 price target on the stock.
  • 12/27/2017 – Potlatch was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 12/27/2017 – Potlatch was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Potlatch Corporation is a Real Estate Investment Trust (REIT) with approximately 1.4 million acres of timberland in Alabama, Arkansas, Idaho, Minnesota and Mississippi. Potlatch, a certified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. “
  • 12/2/2017 – Potlatch was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/22/2017 – Potlatch was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Potlatch Corp. is an integrated forest products company with substantial timber resources. It is engaged principally in the growing and harvesting of timber and the manufacture and sale of wood products, printing papers and pulp and paper products. Its timberlands and all of its manufacturing facilities are located within the continental United States. “

Shares of Potlatch Co. (NASDAQ:PCH) traded up $1.45 during midday trading on Tuesday, reaching $51.55. 846,700 shares of the company were exchanged, compared to its average volume of 629,600. The firm has a market cap of $2,090.00, a price-to-earnings ratio of 23.87, a PEG ratio of 3.79 and a beta of 1.44. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.72 and a current ratio of 2.17. Potlatch Co. has a 12-month low of $39.05 and a 12-month high of $56.35.

Potlatch (NASDAQ:PCH) last announced 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 during 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%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 EPS. analysts expect that Potlatch Co. will post 2.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a $0.40 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This is a positive change from Potlatch’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 3.10%. Potlatch’s dividend payout ratio is presently 74.07%.

In related news, VP William R. Dereu sold 4,720 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 26,142 shares of the company’s stock, valued at approximately $1,372,455. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.52% of the stock is currently owned by corporate insiders.

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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