Potlatch Corporation (NASDAQ:PCH) Receives Average Rating of “Hold” from Brokerages

Potlatch Corporation (NASDAQ:PCH) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $45.8333.

A number of research firms recently weighed in on PCH. BMO Capital Markets lowered shares of Potlatch from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $51.00 to $45.00 in a report on Thursday, January 8th. Truist Financial dropped their price objective on Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Citigroup lifted their price target on Potlatch from $44.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Potlatch in a research report on Thursday.

Insider Buying and Selling

In other Potlatch news, CEO Eric J. Cremers sold 24,123 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $39.33, for a total value of $948,757.59. Following the completion of the sale, the chief executive officer owned 296,043 shares in the company, valued at approximately $11,643,371.19. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Glen F. Smith sold 738 shares of the company’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $41.80, for a total transaction of $30,848.40. Following the sale, the chief accounting officer owned 8,159 shares of the company’s stock, valued at $341,046.20. This represents a 8.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,569 shares of company stock worth $1,715,897 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Potlatch

Several institutional investors and hedge funds have recently bought and sold shares of PCH. GAMMA Investing LLC increased its position in Potlatch by 27.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,378 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 294 shares during the period. CWM LLC increased its position in shares of Potlatch by 4.3% during the third quarter. CWM LLC now owns 10,155 shares of the real estate investment trust’s stock valued at $414,000 after buying an additional 421 shares during the period. Marathon Capital Management raised its stake in Potlatch by 4.3% in the third quarter. Marathon Capital Management now owns 12,020 shares of the real estate investment trust’s stock worth $490,000 after buying an additional 500 shares in the last quarter. Fiduciary Counselling Inc. raised its stake in Potlatch by 0.4% in the second quarter. Fiduciary Counselling Inc. now owns 117,237 shares of the real estate investment trust’s stock worth $4,498,000 after buying an additional 521 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in Potlatch by 8.9% in the first quarter. Focus Partners Wealth now owns 6,920 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 565 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Potlatch Stock Down 2.6%

PCH opened at $43.19 on Tuesday. Potlatch has a 12 month low of $36.82 and a 12 month high of $48.12. The company has a market cap of $3.34 billion, a PE ratio of 52.67 and a beta of 1.09. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $40.86 and a 200 day moving average of $41.24.

Potlatch (NASDAQ:PCH) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.21. The firm had revenue of $314.18 million for the quarter, compared to the consensus estimate of $308.13 million. Potlatch had a return on equity of 3.38% and a net margin of 5.76%. On average, sell-side analysts expect that Potlatch will post 0.8 EPS for the current year.

Potlatch Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, December 15th. Potlatch’s dividend payout ratio is presently 219.51%.

Potlatch Company Profile

PotlatchDeltic Corporation, which trades on the NASDAQ under the ticker PCH, is a real estate investment trust (REIT) specializing in the ownership and sustainable management of timberland. Headquartered in Spokane, Washington, the company holds approximately two million acres of forested land across the United States. Its integrated business model combines timberland stewardship with manufacturing and marketing of wood products to serve residential, agricultural and industrial markets.

In its timberland segment, PotlatchDeltic focuses on responsible forest management practices, including reforestation, habitat conservation and wildfire mitigation.