Bank of America Corp. downgraded shares of Potlatch Corp. (NASDAQ:PCH) from a neutral rating to an underperform rating in a report released on Tuesday. The analysts noted that the move was a valuation call.

Other equities analysts have also recently issued reports about the company. Vertical Group cut Potlatch Corp. from a buy rating to a hold rating in a research report on Wednesday, November 16th. DA Davidson cut Potlatch Corp. from a buy rating to a neutral rating and reduced their target price for the stock from $56.00 to $40.00 in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Vertical Research cut Potlatch Corp. from a buy rating to a hold rating in a research report on Wednesday, November 16th. Zacks Investment Research upgraded Potlatch Corp. from a sell rating to a hold rating in a research report on Wednesday, October 26th. Finally, Buckingham Research cut Potlatch Corp. from a buy rating to a neutral rating and set a $42.00 target price for the company. in a research report on Monday, October 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $39.83.

Shares of Potlatch Corp. (NASDAQ:PCH) traded up 0.23% during trading on Tuesday, hitting $43.55. The stock had a trading volume of 24,759 shares. The firm has a 50-day moving average price of $0.00 and a 200 day moving average price of $0.00. Potlatch Corp. has a 52 week low of $24.01 and a 52 week high of $43.65.

Potlatch Corp. (NASDAQ:PCH) last released its quarterly earnings data on Friday, October 21st. The real estate investment trust reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Potlatch Corp. had a return on equity of 21.33% and a net margin of 0.02%. The company had revenue of $174 million for the quarter, compared to analyst estimates of $180.07 million. During the same period in the previous year, the company posted $0.53 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts anticipate that Potlatch Corp. will post $1.11 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its position in 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. Mercer Capital Advisers Inc. acquired a new position in Potlatch Corp. during the third quarter worth approximately $138,000. Teacher Retirement System of Texas raised its position in 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 worth $194,000 after buying an additional 689 shares during the last quarter. Sterling Investment Management Inc. acquired a new position in Potlatch Corp. during the second quarter worth approximately $206,000. Finally, Hancock Holding Co. acquired a new position in Potlatch Corp. during the second quarter worth approximately $210,000. 84.36% of the stock is owned by institutional investors and hedge funds.

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About Potlatch Corp.

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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