Potlatch Corporation (NASDAQ:PCH - Free Report) - Stock analysts at Seaport Res Ptn decreased their FY2026 earnings estimates for Potlatch in a research report issued to clients and investors on Tuesday, July 15th. Seaport Res Ptn analyst M. Weintraub now forecasts that the real estate investment trust will post earnings of $0.80 per share for the year, down from their previous estimate of $0.90. The consensus estimate for Potlatch's current full-year earnings is $0.80 per share.
Potlatch (NASDAQ:PCH - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.13. Potlatch had a net margin of 4.35% and a return on equity of 2.36%. The firm had revenue of $268.26 million during the quarter, compared to analysts' expectations of $243.68 million. Potlatch's revenue was up 17.6% compared to the same quarter last year.
A number of other equities research analysts also recently issued reports on the stock. Citigroup reissued a "buy" rating and set a $47.00 price objective (down previously from $49.00) on shares of Potlatch in a research report on Tuesday, June 3rd. Truist Financial raised shares of Potlatch from a "hold" rating to a "buy" rating and increased their price objective for the stock from $44.00 to $52.00 in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $50.00.
Read Our Latest Research Report on Potlatch
Potlatch Stock Performance
Shares of PCH stock traded down $0.15 during mid-day trading on Thursday, reaching $40.64. 347,756 shares of the company's stock traded hands, compared to its average volume of 480,172. Potlatch has a 12 month low of $36.82 and a 12 month high of $48.12. The firm has a 50 day moving average price of $39.38 and a two-hundred day moving average price of $41.32. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.04 and a current ratio of 1.43. The firm has a market capitalization of $3.19 billion, a PE ratio of 66.62 and a beta of 1.14.
Potlatch Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a $0.45 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.43%. Potlatch's dividend payout ratio is presently 295.08%.
Institutional Investors Weigh In On Potlatch
Several institutional investors and hedge funds have recently made changes to their positions in PCH. Quarry LP lifted its position in Potlatch by 224.2% during the fourth quarter. Quarry LP now owns 697 shares of the real estate investment trust's stock valued at $27,000 after purchasing an additional 482 shares during the period. Harbor Capital Advisors Inc. lifted its position in Potlatch by 168.1% during the first quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 417 shares during the period. Costello Asset Management INC purchased a new position in Potlatch in the first quarter valued at $30,000. UMB Bank n.a. increased its holdings in Potlatch by 41.6% in the first quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 254 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Potlatch by 61.1% in the second quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust's stock valued at $42,000 after buying an additional 411 shares in the last quarter. 86.06% of the stock is currently owned by institutional investors and hedge funds.
About Potlatch
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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.
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