Potlatch Corporation (NASDAQ:PCH) was downgraded by research analysts at Vertical Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

Other analysts also recently issued reports about the company. Raymond James Financial, Inc. lowered Potlatch Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $40.00 price objective on shares of Potlatch Corporation in a research note on Thursday, July 20th. BidaskClub raised Potlatch Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research cut Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $47.00 target price on shares of Potlatch Corporation in a research note on Monday, July 31st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Potlatch Corporation has a consensus rating of “Hold” and an average target price of $45.80.

Potlatch Corporation (NASDAQ PCH) opened at 52.10 on Wednesday. The firm’s 50-day moving average is $47.80 and its 200-day moving average is $46.61. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 25.78 and a beta of 1.41. Potlatch Corporation has a 52-week low of $36.35 and a 52-week high of $52.45.

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Several large investors have recently made changes to their positions in PCH. BlackRock Inc. grew its stake in Potlatch Corporation by 1.6% in the 2nd quarter. BlackRock Inc. now owns 4,839,675 shares of the real estate investment trust’s stock valued at $221,173,000 after acquiring an additional 75,874 shares during the last quarter. Vanguard Group Inc. raised its position in Potlatch Corporation by 7.3% during the second quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock worth $168,183,000 after acquiring an additional 251,612 shares during the last quarter. BlackRock Fund Advisors raised its position in Potlatch Corporation by 8.6% during the third quarter. BlackRock Fund Advisors now owns 2,669,414 shares of the real estate investment trust’s stock worth $103,814,000 after acquiring an additional 211,774 shares during the last quarter. Westwood Holdings Group Inc. raised its position in Potlatch Corporation by 12.5% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,615,260 shares of the real estate investment trust’s stock worth $48,845,000 after acquiring an additional 179,607 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Potlatch Corporation by 3.9% during the second quarter. Renaissance Technologies LLC now owns 1,588,200 shares of the real estate investment trust’s stock worth $72,581,000 after acquiring an additional 59,647 shares during the last quarter. 83.25% of the stock is currently owned by institutional investors and hedge funds.

Potlatch Corporation Company Profile

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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