Potlatch Corp. (PCH) Research Coverage Started at BMO Capital Markets
BMO Capital Markets started coverage on shares of Potlatch Corp. (NASDAQ:PCH) in a research report issued on Thursday. The firm set a “market perform” rating on the real estate investment trust’s stock.
A number of other equities research analysts have also issued reports on the stock. Bank of America Corp. raised shares of Potlatch Corp. from an “underperform” rating to a “neutral” rating in a report on Monday, October 3rd. TheStreet lowered shares of Potlatch Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Royal Bank Of Canada upped their price objective on shares of Potlatch Corp. from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Friday, June 17th. DA Davidson lowered shares of Potlatch Corp. from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $56.00 to $40.00 in a report on Wednesday, July 27th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Potlatch Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, July 5th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $40.25.
Shares of Potlatch Corp. (NASDAQ:PCH) opened at 38.96 on Thursday. The company’s market cap is $1.58 billion. Potlatch Corp. has a 12-month low of $24.01 and a 12-month high of $39.91. The stock has a 50 day moving average of $38.00 and a 200 day moving average of $35.70.
Potlatch Corp. (NASDAQ:PCH) last issued its earnings results on Tuesday, July 26th. The real estate investment trust reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.07. The business earned $141.50 million during the quarter, compared to analysts’ expectations of $128.70 million. Potlatch Corp. had a negative net margin of 0.99% and a positive return on equity of 16.52%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 earnings per share. Analysts forecast that Potlatch Corp. will post $1.05 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Friday, September 16th. Potlatch Corp.’s dividend payout ratio (DPR) is presently -1,000.00%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in shares of Potlatch Corp. by 24.5% in the third quarter. Nisa Investment Advisors LLC now owns 20,300 shares of the real estate investment trust’s stock valued at $789,000 after buying an additional 4,000 shares during the period. First National Bank of Omaha raised its position in shares of Potlatch Corp. by 1.4% in the third quarter. First National Bank of Omaha now owns 8,882 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 125 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Potlatch Corp. by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 13,888 shares of the real estate investment trust’s stock valued at $540,000 after buying an additional 280 shares during the period. Mason Street Advisors LLC bought a new position in shares of Potlatch Corp. during the second quarter valued at $633,000. Finally, Royal Bank of Canada raised its position in shares of Potlatch Corp. by 15.1% in the second quarter. Royal Bank of Canada now owns 148,733 shares of the real estate investment trust’s stock valued at $5,072,000 after buying an additional 19,494 shares during the period. 83.07% of the stock is owned by institutional investors.
Potlatch Corp. Company Profile
Potlatch Corporation is a real estate investment trust (REIT). The Company operates through three segments: Resource, Wood Products and Real Estate. The Resource segment management activities include planting and harvesting trees, and building and maintaining roads. Its activities also include hunting leases, recreation permits and leases, mineral rights leases, biomass production and carbon sequestration.
Receive News & Stock Ratings for Potlatch Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch Corp. and related stocks with our FREE daily email newsletter.