Today: The Potlatch Corp. (PCH) Rating Increased to Neutral at Bank of America Corp.

The Potlatch Corp. (PCH) Rating Increased to Neutral at Bank of America Corp.

Bank of America Corp. upgraded shares of Potlatch Corp. (NASDAQ:PCH) from an underperform rating to a neutral rating in a research note published on Monday morning.

Several other analysts also recently issued reports on the stock. TheStreet downgraded shares of Potlatch Corp. from a buy rating to a hold rating in a research report on Friday, August 26th. DA Davidson downgraded shares of Potlatch Corp. from a buy rating to a neutral rating and reduced their price target for the company from $56.00 to $40.00 in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Potlatch Corp. from a hold rating to a buy rating and set a $39.00 price target for the company in a research report on Tuesday, July 5th. Finally, Royal Bank Of Canada lifted their price target on shares of Potlatch Corp. from $42.00 to $45.00 and gave the company an outperform rating in a research report on Friday, June 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Potlatch Corp. presently has an average rating of Hold and a consensus price target of $40.25.

Potlatch Corp. (NASDAQ:PCH) opened at 37.46 on Monday. The stock has a 50 day moving average of $38.04 and a 200 day moving average of $35.46. Potlatch Corp. has a 12 month low of $24.01 and a 12 month high of $39.91. The company’s market capitalization is $1.52 billion.

Potlatch Corp. (NASDAQ:PCH) last announced its quarterly earnings data on Tuesday, July 26th. The real estate investment trust reported $0.13 EPS for the quarter, topping the 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 earned $141.50 million during the quarter, compared to the consensus estimate of $128.70 million. During the same quarter last year, the firm posted $0.02 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts anticipate that Potlatch Corp. will post $1.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend was Friday, September 16th. Potlatch Corp.’s dividend payout ratio is -1,000.00%.

Institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio increased 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 in the last quarter. Teacher Retirement System of Texas increased 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 in the last quarter. Sterling Investment Management Inc. purchased a new position in Potlatch Corp. during the second quarter worth about $879,000. Hancock Holding Co. purchased a new position in Potlatch Corp. during the second quarter worth about $210,000. Finally, Bayesian Capital Management LP purchased a new position in Potlatch Corp. during the first quarter worth about $207,000. 83.07% of the stock is currently owned by hedge funds and other institutional investors.

Potlatch Corp. Company Profile

Related posts

Leave a Comment