Potlatch Corporation (NASDAQ:PCH) had its price target raised by research analysts at DA Davidson to $47.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has an “underperform” rating on the real estate investment trust’s stock. DA Davidson’s price objective points to a potential downside of 8.29% from the company’s previous close.

Several other research firms also recently issued reports on PCH. BMO Capital Markets reaffirmed a “hold” rating on shares of Potlatch Corporation in a report on Monday. Vertical Research downgraded shares of Potlatch Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub raised shares of Potlatch Corporation from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Zacks Investment Research raised shares of Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 price objective on the stock in a report on Friday, July 28th. Finally, Raymond James Financial, Inc. downgraded shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $47.50.

Potlatch Corporation (PCH) traded down 2.38% on Tuesday, hitting $51.25. 928,357 shares of the company were exchanged. Potlatch Corporation has a 52 week low of $36.35 and a 52 week high of $56.35. The company has a market capitalization of $2.08 billion, a P/E ratio of 25.36 and a beta of 1.41. The firm’s 50 day moving average is $50.40 and its 200 day moving average is $47.29.

Potlatch Corporation (NASDAQ:PCH) last released its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.06. The company had revenue of $190.40 million for the quarter, compared to analyst estimates of $187.29 million. Potlatch Corporation had a net margin of 12.94% and a return on equity of 50.54%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. On average, equities research analysts forecast that Potlatch Corporation will post $2.42 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. grew its holdings in shares of Potlatch Corporation by 19.4% in the second quarter. D.A. Davidson & CO. now owns 2,600 shares of the real estate investment trust’s stock valued at $118,000 after purchasing an additional 423 shares in the last quarter. LS Investment Advisors LLC grew its holdings in shares of Potlatch Corporation by 18.2% in the second quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 483 shares in the last quarter. Riverhead Capital Management LLC grew its holdings in shares of Potlatch Corporation by 75.3% in the second quarter. Riverhead Capital Management LLC now owns 3,331 shares of the real estate investment trust’s stock valued at $152,000 after purchasing an additional 1,431 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of Potlatch Corporation by 68.8% in the second quarter. Flinton Capital Management LLC now owns 4,420 shares of the real estate investment trust’s stock valued at $202,000 after purchasing an additional 1,802 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new position in shares of Potlatch Corporation in the second quarter valued at approximately $210,000. Hedge funds and other institutional investors own 83.43% 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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