Potlatch Corp. (PCH) Raised to “Buy” at TheStreet
Several other equities analysts have also issued reports on PCH. DA Davidson lowered Potlatch Corp. from a buy rating to a neutral rating and cut their price target for the company from $56.00 to $40.00 in a research note on Wednesday, July 27th. They noted that the move was a valuation call. Bank of America Corp. raised Potlatch Corp. from an underperform rating to a neutral rating in a research note on Monday, October 3rd. Zacks Investment Research lowered Potlatch Corp. from a buy rating to a hold rating in a research note on Tuesday, October 4th. BMO Capital Markets started coverage on Potlatch Corp. in a research note on Thursday, October 13th. They set a market perform rating and a $36.00 price target on the stock. Finally, Buckingham Research lowered Potlatch Corp. from a buy rating to a neutral rating and set a $42.00 price target on the stock. in a research note on Monday, October 17th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Potlatch Corp. has an average rating of Hold and an average target price of $39.83.
Shares of Potlatch Corp. (NASDAQ:PCH) opened at 41.00 on Monday. The firm’s 50-day moving average price is $0.00 and its 200-day moving average price is $0.00. Potlatch Corp. has a 12 month low of $24.01 and a 12 month high of $41.70.
Potlatch Corp. (NASDAQ:PCH) last posted its quarterly earnings data on Friday, October 21st. The real estate investment trust reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The company had revenue of $174 million for the quarter, compared to analyst estimates of $180.07 million. Potlatch Corp. had a return on equity of 21.33% and a net margin of 0.02%. The business’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, equities research analysts forecast that Potlatch Corp. will post $1.11 EPS for the current year.
Several large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio increased its stake in shares of Potlatch Corp. by 4.5% in the second quarter. Public Employees Retirement System of Ohio now owns 2,988 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 128 shares during the period. Mercer Capital Advisers Inc. acquired a new stake in shares of Potlatch Corp. during the third quarter valued at about $138,000. Teacher Retirement System of Texas increased its stake in shares of Potlatch Corp. by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 5,682 shares of the real estate investment trust’s stock valued at $194,000 after buying an additional 689 shares during the period. Sterling Investment Management Inc. acquired a new stake in shares of Potlatch Corp. during the second quarter valued at about $206,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Potlatch Corp. during the first quarter valued at about $207,000. Institutional investors own 83.58% of the company’s stock.
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.
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