Potlatch Co. (NASDAQ:PCH) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $51.60.

Several analysts recently issued reports on the stock. BidaskClub lowered shares of Potlatch from a “hold” rating to a “sell” rating in a research report on Saturday, December 2nd. Zacks Investment Research lowered shares of Potlatch from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. UBS Group upgraded shares of Potlatch from a “market perform” rating to an “outperform” rating in a research report on Monday, January 8th. Vertical Research lowered shares of Potlatch from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, BMO Capital Markets restated a “hold” rating on shares of Potlatch in a research report on Monday, October 23rd.

Potlatch (PCH) traded down $0.30 on Monday, hitting $51.55. 332,500 shares of the stock traded hands, compared to its average volume of 638,189. 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 has a 1 year low of $39.05 and a 1 year high of $56.35. The stock has a market capitalization of $2,093.49, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.79 and a beta of 1.44.

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

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 8th were given a $0.40 dividend. This is a positive change from Potlatch’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Thursday, December 7th. Potlatch’s dividend payout ratio is presently 73.73%.

In related news, VP William R. Dereu sold 4,720 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the completion of the transaction, the vice president now owns 26,142 shares in the company, valued at $1,372,455. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.52% of the company’s stock.

Large investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Potlatch by 8.0% during the second quarter. State Street Corp now owns 1,378,999 shares of the real estate investment trust’s stock worth $63,023,000 after acquiring an additional 102,275 shares during the last quarter. Royal Bank of Canada raised its stake in Potlatch by 18.8% during the second quarter. Royal Bank of Canada now owns 150,384 shares of the real estate investment trust’s stock valued at $6,872,000 after purchasing an additional 23,745 shares in the last quarter. American International Group Inc. raised its stake in Potlatch by 2.7% during the third quarter. American International Group Inc. now owns 110,213 shares of the real estate investment trust’s stock valued at $5,621,000 after purchasing an additional 2,949 shares in the last quarter. Legal & General Group Plc raised its stake in Potlatch by 21.4% during the second quarter. Legal & General Group Plc now owns 31,821 shares of the real estate investment trust’s stock valued at $1,454,000 after purchasing an additional 5,606 shares in the last quarter. Finally, Legato Capital Management LLC purchased a new stake in Potlatch during the third quarter valued at $313,000. Hedge funds and other institutional investors own 84.79% of the company’s stock.

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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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