Somewhat Positive News Coverage Somewhat Unlikely to Impact Potlatch (PCH) Stock Price
Media headlines about Potlatch (NASDAQ:PCH) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Potlatch earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.9043068596308 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Potlatch Corporation (PCH) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Why Potlatch (PCH) Stock Might be a Great Pick (zacks.com)
- Financial Comparison: CatchMark Timber Trust (CTT) & Potlatch Corporation (PCH) (americanbankingnews.com)
- Potlatch Corporation (PCH) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Potlatch from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Zacks Investment Research downgraded shares of Potlatch from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Vertical Research downgraded shares of Potlatch from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BMO Capital Markets reiterated a “hold” rating on shares of Potlatch in a research note on Monday, October 23rd. Finally, Bank of America Corporation increased their price objective on shares of Potlatch from $50.00 to $54.00 and gave the company an “underperform” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $49.40.
Potlatch (NASDAQ PCH) traded down $0.37 during midday trading on Friday, hitting $52.18. 188,895 shares of the stock were exchanged, compared to its average volume of 442,539. 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 has a 1 year low of $39.05 and a 1 year high of $56.35. The company has a market capitalization of $2,118.88, a P/E ratio of 23.29, a PEG ratio of 4.37 and a beta of 1.45.
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, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.06. The company had revenue of $190.40 million during the quarter, compared to the consensus estimate of $187.29 million. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. Potlatch’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. equities research analysts expect that Potlatch will post 2.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.07%. This is an increase from Potlatch’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, December 7th. Potlatch’s dividend payout ratio (DPR) is 69.12%.
In other Potlatch news, VP William R. Dereu sold 4,720 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 26,142 shares in the company, valued at $1,372,455. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.52% of the stock is owned by company insiders.
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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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