Potlatch Corporation (NASDAQ:PCH) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other analysts also recently weighed in on PCH. Zacks Investment Research upgraded shares of Potlatch Corporation from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, April 5th. DA Davidson downgraded shares of Potlatch Corporation from a “neutral” rating to an “underperform” rating and increased their price target for the company from $40.00 to $44.00 in a research report on Tuesday, April 11th. Vertical Research downgraded shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Royal Bank Of Canada downgraded shares of Potlatch Corporation from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $45.00 to $47.00 in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Finally, Raymond James Financial, Inc. downgraded shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Potlatch Corporation has a consensus rating of “Hold” and a consensus price target of $45.00.

Potlatch Corporation (NASDAQ:PCH) traded up 1.33% during mid-day trading on Friday, hitting $45.65. 297,947 shares of the company were exchanged. The company has a 50 day moving average of $45.81 and a 200 day moving average of $44.30. Potlatch Corporation has a 12-month low of $33.01 and a 12-month high of $48.85. The stock has a market cap of $1.85 billion, a P/E ratio of 67.53 and a beta of 1.41.

Potlatch Corporation (NASDAQ:PCH) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.16. The company had revenue of $149.70 million for the quarter, compared to analyst estimates of $137.66 million. Potlatch Corporation had a net margin of 4.46% and a return on equity of 42.10%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, equities research analysts expect that Potlatch Corporation will post $2.10 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 7th were given a $0.375 dividend. The ex-dividend date was Monday, June 5th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.29%. Potlatch Corporation’s dividend payout ratio is 223.88%.

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Several hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC increased its stake in shares of Potlatch Corporation by 0.9% in the fourth quarter. Guggenheim Capital LLC now owns 51,127 shares of the real estate investment trust’s stock worth $2,130,000 after buying an additional 433 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Potlatch Corporation by 0.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,715 shares of the real estate investment trust’s stock worth $237,000 after buying an additional 36 shares in the last quarter. Norges Bank purchased a new stake in shares of Potlatch Corporation during the fourth quarter worth $17,071,000. Teachers Advisors LLC increased its stake in shares of Potlatch Corporation by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 73,429 shares of the real estate investment trust’s stock worth $3,058,000 after buying an additional 1,568 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in shares of Potlatch Corporation during the first quarter worth $211,000. Institutional investors and hedge funds own 83.34% of the company’s stock.

About Potlatch Corporation

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.

Analyst Recommendations for Potlatch Corporation (NASDAQ:PCH)

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