Potlatch Co. (NASDAQ:PCH) has been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $51.60.

Several research analysts recently commented on PCH shares. Raymond James Financial raised shares of Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Monday, January 8th. Zacks Investment Research raised shares of Potlatch from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research note on Saturday, January 6th. BidaskClub raised shares of Potlatch from a “sell” rating to a “hold” rating in a research note on Saturday. Bank of America raised shares of Potlatch from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, UBS Group raised shares of Potlatch from a “market perform” rating to an “outperform” rating in a research note on Monday, January 8th.

In other Potlatch news, VP William R. Dereu sold 4,720 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the transaction, the vice president now directly owns 26,142 shares in the company, valued at approximately $1,372,455. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.52% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new position in Potlatch during the 3rd quarter worth about $429,000. Wealthcare Advisory Partners LLC bought a new position in Potlatch during the 3rd quarter worth about $142,000. California Public Employees Retirement System grew its holdings in Potlatch by 3.2% during the 3rd quarter. California Public Employees Retirement System now owns 111,612 shares of the real estate investment trust’s stock worth $5,692,000 after acquiring an additional 3,512 shares in the last quarter. Convergence Investment Partners LLC bought a new position in Potlatch during the 3rd quarter worth about $1,343,000. Finally, Invictus RG grew its holdings in Potlatch by 188.9% during the 3rd quarter. Invictus RG now owns 7,009 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 4,583 shares in the last quarter. Institutional investors own 84.79% of the company’s stock.

Shares of Potlatch (NASDAQ PCH) traded down $0.30 on Monday, hitting $51.55. 332,500 shares of the stock traded hands, compared to its average volume of 638,189. Potlatch has a 1-year low of $39.05 and a 1-year high of $56.35. The stock has a market capitalization of $2,093.49, a P/E ratio of 23.76, a P/E/G ratio of 3.79 and a beta of 1.44. 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 (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. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. The business had revenue of $190.40 million for the quarter, compared to the consensus estimate of $187.29 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. sell-side analysts forecast that Potlatch will post 2.39 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, December 7th. This is an increase from Potlatch’s previous quarterly dividend of $0.38. Potlatch’s dividend payout ratio (DPR) is currently 73.73%.

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Potlatch Company Profile

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.

Analyst Recommendations for Potlatch (NASDAQ:PCH)

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