Todays Report: The Potlatch Corp. (PCH) Now Covered by Analysts at BMO Capital Markets

The Potlatch Corp. (PCH) Now Covered by Analysts at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Potlatch Corp. (NASDAQ:PCH) in a report released on Thursday morning. The firm issued a market perform rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on PCH. TheStreet upgraded Potlatch Corp. from a hold rating to a buy rating in a report on Friday, July 22nd. Zacks Investment Research cut Potlatch Corp. from a buy rating to a hold rating in a report on Tuesday, October 4th. DA Davidson cut Potlatch Corp. from a buy rating to a neutral rating and cut their target price for the stock from $56.00 to $40.00 in a report on Wednesday, July 27th. They noted that the move was a valuation call. Royal Bank Of Canada increased their target price on Potlatch Corp. from $42.00 to $45.00 and gave the stock an outperform rating in a report on Friday, June 17th. Finally, Bank of America Corp. upgraded Potlatch Corp. from an underperform rating to a neutral rating in a report on Monday, October 3rd. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $40.25.

Potlatch Corp. (NASDAQ:PCH) traded up 1.63% during trading on Thursday, hitting $39.26. 50,213 shares of the company’s stock traded hands. The company’s 50 day moving average price is $37.99 and its 200 day moving average price is $35.72. The company’s market cap is $1.59 billion. Potlatch Corp. has a 52-week low of $24.01 and a 52-week high of $39.91.

Potlatch Corp. (NASDAQ:PCH) last posted its quarterly earnings results on Tuesday, July 26th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $141.50 million for the quarter, compared to analysts’ expectations of $128.70 million. Potlatch Corp. had a positive return on equity of 16.52% and a negative net margin of 0.99%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 EPS. Analysts expect that Potlatch Corp. will post $1.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Tuesday, September 20th were given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Friday, September 16th. Potlatch Corp.’s dividend payout ratio is presently -1,000.00%.

Several large investors have recently made changes to their positions in PCH. First National Bank of Omaha raised its stake 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 valued at $345,000 after buying an additional 125 shares in the last quarter. Public Employees Retirement System of Ohio raised 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 in the last quarter. Barclays PLC raised its stake in shares of Potlatch Corp. by 0.6% in the second quarter. Barclays PLC now owns 28,716 shares of the real estate investment trust’s stock valued at $980,000 after buying an additional 158 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Potlatch Corp. by 2.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 13,888 shares of the real estate investment trust’s stock valued at $540,000 after buying an additional 280 shares in the last quarter. Finally, State Treasurer State of Michigan raised its stake in shares of Potlatch Corp. by 1.9% in the second quarter. State Treasurer State of Michigan now owns 16,341 shares of the real estate investment trust’s stock valued at $557,000 after buying an additional 300 shares in the last quarter. 83.07% of the stock is owned by hedge funds and other institutional investors.

Potlatch Corp. Company Profile

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