Potlatch Corp. (NASDAQ:PCH) was downgraded by equities research analysts at Vertical Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other brokerages have also recently issued reports on PCH. TheStreet raised Potlatch Corp. from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research raised Potlatch Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, October 26th. Buckingham Research cut Potlatch Corp. from a “buy” rating to a “neutral” rating and set a $42.00 price objective for the company. in a research report on Monday, October 17th. BMO Capital Markets assumed coverage on Potlatch Corp. in a research report on Thursday, October 13th. They issued a “market perform” rating and a $36.00 price objective for the company. Finally, Bank of America Corp. raised Potlatch Corp. from an “underperform” rating to a “neutral” rating in a research report on Monday, October 3rd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $39.83.

Analyst Recommendations for Potlatch Corp. (NASDAQ:PCH)

Potlatch Corp. (NASDAQ:PCH) opened at 41.65 on Wednesday. Potlatch Corp. has a one year low of $24.01 and a one year high of $41.83. The stock’s 50 day moving average is $0.00 and its 200 day moving average is $0.00.

Potlatch Corp. (NASDAQ:PCH) last announced its earnings results on Friday, October 21st. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The firm earned $174 million during the quarter, compared to analysts’ expectations of $180.07 million. Potlatch Corp. had a return on equity of 21.33% and a net margin of 0.02%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, equities research analysts anticipate that Potlatch Corp. will post $1.11 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of PCH. Stelac Advisory Services LLC raised its position in shares of Potlatch Corp. by 0.8% in the third quarter. Stelac Advisory Services LLC now owns 11,143 shares of the real estate investment trust’s stock worth $422,000 after buying an additional 87 shares during the last quarter. Arizona State Retirement System raised its position in shares of Potlatch Corp. by 0.6% in the third quarter. Arizona State Retirement System now owns 17,123 shares of the real estate investment trust’s stock worth $666,000 after buying an additional 100 shares during the last quarter. Laurel Wealth Advisors Inc. raised its position in shares of Potlatch Corp. by 0.6% in the third quarter. Laurel Wealth Advisors Inc. now owns 18,879 shares of the real estate investment trust’s stock worth $734,000 after buying an additional 110 shares during the last quarter. 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 worth $345,000 after buying an additional 125 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position 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 worth $102,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds 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.

5 Day Chart for NASDAQ:PCH

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