BidaskClub upgraded shares of Potlatch (NASDAQ:PCH) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

A number of other brokerages have also weighed in on PCH. DA Davidson raised their target price on shares of Potlatch to $47.00 and gave the company an underperform rating in a research report on Tuesday, October 24th. Zacks Investment Research lowered shares of Potlatch from a strong-buy rating to a hold rating in a report on Wednesday, November 22nd. Bank of America lifted their price target on shares of Potlatch from $50.00 to $54.00 and gave the stock an underperform rating in a report on Wednesday, October 25th. 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 report on Monday, January 8th. Finally, BMO Capital Markets reiterated a hold rating on shares of Potlatch in a report on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $49.67.

Shares of Potlatch (PCH) opened at $51.25 on Friday. Potlatch has a 52-week low of $39.05 and a 52-week high of $56.35. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.17 and a quick ratio of 1.72. The firm has a market cap of $2,100.00, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 3.79 and a beta of 1.44.

Potlatch (NASDAQ:PCH) last issued its earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. The firm had revenue of $190.40 million for the quarter, compared to analyst estimates of $187.29 million. During the same quarter last year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. equities research analysts expect that Potlatch will post 2.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Thursday, December 7th. This is a positive change from Potlatch’s previous quarterly dividend of $0.38. Potlatch’s payout ratio is 74.07%.

In other news, VP William R. Dereu sold 4,720 shares of Potlatch 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 transaction, the vice president now owns 26,142 shares in the company, valued at $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 insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. raised its stake in Potlatch by 19.4% during the second quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock worth $118,000 after buying an additional 423 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in Potlatch during the third quarter worth $142,000. Riverhead Capital Management LLC raised its stake in Potlatch by 75.3% during the second quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock worth $152,000 after buying an additional 1,431 shares during the last quarter. Flinton Capital Management LLC raised its stake in Potlatch by 68.8% during the second quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock worth $202,000 after buying an additional 1,802 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in Potlatch during the third quarter worth $206,000. 84.79% of the stock is owned by institutional investors and hedge funds.

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About Potlatch

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 (NASDAQ:PCH)

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