Potlatch Corporation (NASDAQ:PCH) Given Average Rating of “Hold” by Analysts

Shares of Potlatch Corporation (NASDAQ:PCH) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $45.6667.

A number of analysts recently commented on PCH shares. Zacks Research raised Potlatch from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. Royal Bank Of Canada restated a “sector perform” rating and issued a $48.00 price objective on shares of Potlatch in a report on Monday, November 10th. Citigroup dropped their target price on shares of Potlatch from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, November 12th. Truist Financial reduced their price target on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, DA Davidson reissued a “neutral” rating and issued a $40.00 price target (down from $54.00) on shares of Potlatch in a research note on Thursday, November 13th.

Potlatch Stock Up 1.3%

Shares of NASDAQ:PCH opened at $39.36 on Monday. The stock’s 50-day moving average is $40.60 and its 200 day moving average is $40.65. The company has a market cap of $3.04 billion, a PE ratio of 48.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.96 and a quick ratio of 1.26. Potlatch has a 1 year low of $36.82 and a 1 year high of $48.12.

Potlatch (NASDAQ:PCH) last issued its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share for the quarter. Potlatch had a return on equity of 3.38% and a net margin of 5.76%.The firm had revenue of $354.19 million for the quarter. Sell-side analysts anticipate that Potlatch will post 0.8 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Potlatch during the second quarter valued at approximately $217,543,000. Legal & General Group Plc lifted its position in Potlatch by 13.9% during the second quarter. Legal & General Group Plc now owns 2,819,875 shares of the real estate investment trust’s stock valued at $108,199,000 after buying an additional 344,553 shares during the period. Westwood Holdings Group Inc. lifted its position in Potlatch by 19.8% during the second quarter. Westwood Holdings Group Inc. now owns 2,792,075 shares of the real estate investment trust’s stock valued at $107,132,000 after buying an additional 461,356 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Potlatch by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,560,123 shares of the real estate investment trust’s stock worth $70,393,000 after buying an additional 17,352 shares during the period. Finally, Millennium Management LLC grew its position in shares of Potlatch by 58.3% in the 3rd quarter. Millennium Management LLC now owns 1,288,642 shares of the real estate investment trust’s stock worth $52,512,000 after buying an additional 474,526 shares during the period. Hedge funds and other institutional investors own 86.06% of the company’s stock.

About Potlatch

PotlatchDeltic Corporation (Nasdaq: PCH) is a leading Real Estate Investment Trust (REIT) that owns nearly 2.2 million acres of timberlands in Alabama, Arkansas, Georgia, Idaho, Louisiana, Mississippi and South Carolina. Through its taxable REIT subsidiary, the company also operates six sawmills, an industrial-grade plywood mill, a residential and commercial real estate development business and a rural timberland sales program.