Potlatch Corporation (NASDAQ:PCH) Given Average Recommendation of “Hold” by Analysts

Potlatch Corporation (NASDAQ:PCH) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $45.8333.

A number of brokerages recently commented on PCH. BMO Capital Markets cut shares of Potlatch from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $51.00 to $45.00 in a research note on Thursday, January 8th. DA Davidson reiterated a “neutral” rating and issued a $40.00 price target (down from $54.00) on shares of Potlatch in a research report on Thursday, November 13th. Bank of America cut shares of Potlatch from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $49.00 to $46.00 in a research note on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Potlatch in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $48.00 target price on shares of Potlatch in a report on Monday, November 10th.

Insider Activity

In other news, VP Darin Robert Ball sold 4,127 shares of Potlatch stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $39.30, for a total transaction of $162,191.10. Following the completion of the sale, the vice president directly owned 49,054 shares in the company, valued at $1,927,822.20. The trade was a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ashlee Townsend Cribb sold 4,756 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $39.35, for a total transaction of $187,148.60. Following the completion of the transaction, the vice president directly owned 39,619 shares of the company’s stock, valued at approximately $1,559,007.65. This represents a 10.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 43,569 shares of company stock worth $1,715,897 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Potlatch

Hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Potlatch by 3.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,814 shares of the real estate investment trust’s stock worth $2,112,000 after purchasing an additional 1,598 shares during the period. Millennium Management LLC increased its stake in Potlatch by 6.4% in the first quarter. Millennium Management LLC now owns 370,422 shares of the real estate investment trust’s stock valued at $16,713,000 after purchasing an additional 22,359 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Potlatch by 6.7% in the first quarter. Goldman Sachs Group Inc. now owns 427,161 shares of the real estate investment trust’s stock valued at $19,273,000 after purchasing an additional 26,948 shares during the last quarter. United Services Automobile Association purchased a new position in Potlatch during the first quarter worth about $204,000. Finally, Jane Street Group LLC boosted its stake in Potlatch by 319.3% in the 1st quarter. Jane Street Group LLC now owns 189,230 shares of the real estate investment trust’s stock worth $8,538,000 after buying an additional 144,101 shares during the last quarter. 86.06% of the stock is owned by hedge funds and other institutional investors.

Potlatch Stock Up 0.0%

Potlatch stock opened at $41.73 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.26 and a current ratio of 1.96. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 50.89 and a beta of 1.09. Potlatch has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The stock’s fifty day moving average is $41.86 and its two-hundred day moving average is $41.29.

Potlatch Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.3%. Potlatch’s dividend payout ratio (DPR) is presently 219.51%.

Potlatch Company Profile

PotlatchDeltic Corporation, which trades on the NASDAQ under the ticker PCH, is a real estate investment trust (REIT) specializing in the ownership and sustainable management of timberland. Headquartered in Spokane, Washington, the company holds approximately two million acres of forested land across the United States. Its integrated business model combines timberland stewardship with manufacturing and marketing of wood products to serve residential, agricultural and industrial markets.

In its timberland segment, PotlatchDeltic focuses on responsible forest management practices, including reforestation, habitat conservation and wildfire mitigation.