Potlatch Corporation (NASDAQ:PCH) VP William R. Dereu sold 4,720 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.50, for a total value of $247,800.00. Following the completion of the sale, the vice president now directly owns 26,142 shares of the company’s stock, valued at $1,372,455. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Potlatch Corporation (NASDAQ:PCH) traded up $0.50 during midday trading on Monday, hitting $52.60. The stock had a trading volume of 643,500 shares, compared to its average volume of 308,984. Potlatch Corporation has a 12-month low of $38.35 and a 12-month high of $56.35. The stock has a market cap of $2,136.13, a P/E ratio of 23.48, a PEG ratio of 4.15 and a beta of 1.45. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.17 and a quick ratio of 1.72.

Potlatch Corporation (NASDAQ:PCH) last announced its earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. Potlatch Corporation had a return on equity of 54.42% and a net margin of 13.54%. The firm had revenue of $190.40 million for the quarter, compared to the consensus estimate of $187.29 million. During the same quarter in the previous year, the business earned $0.68 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. research analysts expect that Potlatch Corporation will post 2.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Thursday, December 7th. This is an increase from Potlatch Corporation’s previous quarterly dividend of $0.38. Potlatch Corporation’s payout ratio is presently 69.12%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Potlatch Corporation by 26,031.7% in the first quarter. BlackRock Inc. now owns 4,763,801 shares of the real estate investment trust’s stock valued at $217,705,000 after purchasing an additional 4,745,571 shares during the last quarter. American Century Companies Inc. lifted its stake in Potlatch Corporation by 120.8% in the third quarter. American Century Companies Inc. now owns 876,175 shares of the real estate investment trust’s stock valued at $44,685,000 after purchasing an additional 479,278 shares during the last quarter. Vanguard Group Inc. lifted its stake in Potlatch Corporation by 7.3% in the second quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock valued at $168,183,000 after purchasing an additional 251,612 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Potlatch Corporation by 112.4% in the third quarter. Principal Financial Group Inc. now owns 369,872 shares of the real estate investment trust’s stock valued at $18,863,000 after purchasing an additional 195,726 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Potlatch Corporation by 31.9% in the third quarter. Bank of New York Mellon Corp now owns 688,893 shares of the real estate investment trust’s stock valued at $35,133,000 after purchasing an additional 166,615 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

A number of brokerages have commented on PCH. BMO Capital Markets reissued a “hold” rating and set a $40.00 price objective on shares of Potlatch Corporation in a report on Thursday, July 20th. BidaskClub raised Potlatch Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research raised Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 price objective for the company in a report on Friday, July 28th. Royal Bank Of Canada reissued a “hold” rating and set a $47.00 price objective on shares of Potlatch Corporation in a report on Monday, July 31st. Finally, Vertical Research lowered Potlatch Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.40.

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.

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