Several analysts have recently updated their ratings and price targets for Potlatch (NASDAQ: PCH):

  • 4/20/2017 – Potlatch was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Potlatch Corp. is an integrated forest products company with substantial timber resources. It is engaged principally in the growing and harvesting of timber and the manufacture and sale of wood products, printing papers and pulp and paper products. Its timberlands and all of its manufacturing facilities are located within the continental United States. “
  • 4/19/2017 – Potlatch was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating. They now have a $47.00 price target on the stock, up previously from $45.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 4/11/2017 – Potlatch was downgraded by analysts at DA Davidson from a “neutral” rating to an “underperform” rating. They now have a $44.00 price target on the stock, up previously from $40.00.
  • 4/11/2017 – Potlatch was downgraded by analysts at Vertical Research from a “buy” rating to a “hold” rating.
  • 4/5/2017 – Potlatch was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Potlatch Corp. is an integrated forest products company with substantial timber resources. It is engaged principally in the growing and harvesting of timber and the manufacture and sale of wood products, printing papers and pulp and paper products. Its timberlands and all of its manufacturing facilities are located within the continental United States. “
  • 2/27/2017 – Potlatch had its “market perform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $40.00 price target on the stock, up previously from $36.00.

Shares of Potlatch Co. (NASDAQ:PCH) opened at 46.35 on Thursday. Potlatch Co. has a one year low of $31.29 and a one year high of $48.85. The stock has a market capitalization of $1.88 billion, a P/E ratio of 172.95 and a beta of 1.40. The stock’s 50 day moving average price is $45.20 and its 200 day moving average price is $42.18.

Potlatch (NASDAQ:PCH) last posted its earnings results on Tuesday, January 31st. The real estate investment trust reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. The firm had revenue of $155.70 million for the quarter, compared to analyst estimates of $147.43 million. Potlatch had a return on equity of 29.63% and a net margin of 1.83%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 earnings per share. On average, analysts forecast that Potlatch Co. will post $1.68 EPS for the current year.

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The company also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Tuesday, March 7th were issued a $0.375 dividend. The ex-dividend date of this dividend was Friday, March 3rd. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.24%. Potlatch’s dividend payout ratio (DPR) is 576.95%.

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.

5 Day Chart for NASDAQ:PCH

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