BidaskClub Lowers Potlatch (PCH) to Sell

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

PCH has been the subject of a number of other reports. Zacks Investment Research cut Potlatch from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Vertical Research cut Potlatch from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. BMO Capital Markets reaffirmed a “hold” rating on shares of Potlatch in a research report on Monday, October 23rd. Bank of America raised their price objective on Potlatch from $50.00 to $54.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Finally, DA Davidson raised their price objective on Potlatch to $47.00 and gave the company an “underperform” rating in a research report on Tuesday, October 24th. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Potlatch currently has an average rating of “Hold” and a consensus price target of $49.40.

Potlatch (NASDAQ PCH) traded up $0.10 during mid-day trading on Friday, reaching $51.70. The company’s stock had a trading volume of 538,687 shares, compared to its average volume of 424,140. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.72 and a current ratio of 2.17. The company has a market capitalization of $2,095.52, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 4.32 and a beta of 1.44. Potlatch has a 12-month low of $39.05 and a 12-month high of $56.35.

Potlatch (NASDAQ:PCH) last posted its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.06. The firm had revenue of $190.40 million during the quarter, compared to the consensus estimate of $187.29 million. Potlatch had a return on equity of 54.42% and a net margin of 13.54%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. equities analysts forecast that Potlatch will post 2.39 EPS for the current fiscal year.

In related news, VP William R. Dereu sold 4,720 shares of Potlatch stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $52.50, for a total transaction 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 approximately $1,372,455. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.52% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in PCH. Teachers Advisors LLC lifted its holdings in Potlatch by 2.6% during the 1st quarter. Teachers Advisors LLC now owns 75,374 shares of the real estate investment trust’s stock worth $3,445,000 after purchasing an additional 1,945 shares during the last quarter. Bank of Montreal Can lifted its holdings in Potlatch by 80.9% during the 2nd quarter. Bank of Montreal Can now owns 49,769 shares of the real estate investment trust’s stock worth $2,274,000 after purchasing an additional 22,264 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Potlatch by 4.2% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 14,674 shares of the real estate investment trust’s stock worth $671,000 after purchasing an additional 586 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Potlatch by 18.2% during the 2nd quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $143,000 after purchasing an additional 483 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its holdings in Potlatch by 3.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the real estate investment trust’s stock worth $484,000 after purchasing an additional 400 shares during the last quarter. 84.77% of the stock is owned by institutional investors and hedge funds.

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About Potlatch

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 (NASDAQ:PCH)

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