Trade Report: The Potlatch Corp. (NASDAQ:PCH) Given Average Recommendation of “Hold” from Brokerages

The Potlatch Corp. (NASDAQ:PCH) Given Average Recommendation of “Hold” from Brokerages

Shares of Potlatch Corp. (NASDAQ:PCH) have been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $40.67.

PCH has been the topic of several research reports. Bank of America Corp. upgraded shares of Potlatch Corp. from an “underperform” rating to a “neutral” rating in a report on Monday, October 3rd. TheStreet downgraded shares of Potlatch Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Zacks Investment Research upgraded shares of Potlatch Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, July 5th. DA Davidson downgraded shares of Potlatch Corp. from a “buy” rating to a “neutral” rating and lowered their price objective 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. Finally, Royal Bank Of Canada upped their price objective on shares of Potlatch Corp. from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Friday, June 17th.

Several hedge funds have recently bought and sold shares of PCH. FMR LLC raised its stake in Potlatch Corp. by 22.2% in the second quarter. FMR LLC now owns 4,198,530 shares of the real estate investment trust’s stock valued at $143,169,000 after buying an additional 761,769 shares during the last quarter. Vanguard Group Inc. raised its stake in Potlatch Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 3,011,195 shares of the real estate investment trust’s stock valued at $102,682,000 after buying an additional 139,420 shares during the last quarter. BlackRock Fund Advisors raised its stake in Potlatch Corp. by 3.3% in the second quarter. BlackRock Fund Advisors now owns 2,457,640 shares of the real estate investment trust’s stock valued at $83,806,000 after buying an additional 78,921 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Potlatch Corp. by 2.8% in the second quarter. Pictet Asset Management Ltd. now owns 1,558,466 shares of the real estate investment trust’s stock valued at $53,269,000 after buying an additional 42,673 shares during the last quarter. Finally, State Street Corp raised its stake in Potlatch Corp. by 0.4% in the first quarter. State Street Corp now owns 1,280,225 shares of the real estate investment trust’s stock valued at $40,326,000 after buying an additional 4,768 shares during the last quarter. Hedge funds and other institutional investors own 83.07% of the company’s stock.

Shares of Potlatch Corp. (NASDAQ:PCH) opened at 37.94 on Tuesday. The firm’s market cap is $1.54 billion. Potlatch Corp. has a 1-year low of $24.01 and a 1-year high of $39.91. The stock’s 50 day moving average is $38.03 and its 200-day moving average is $35.52.

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

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Tuesday, September 20th were paid a $0.375 dividend. The ex-dividend date was Friday, September 16th. This represents a $1.50 annualized dividend and a dividend yield of 3.95%. Potlatch Corp.’s payout ratio is -1,000.00%.

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