Potlatch Corporation (NASDAQ:PCH) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Potlatch Corporation (NASDAQ:PCH) has received an average rating of "Moderate Buy" from eight analysts, with five recommending a buy, two a hold, and one a sell.
• The average 12-month price objective for Potlatch is $49.33, reflecting slight adjustments in target prices from various analysts.
• Institutional investors hold 86.06% of Potlatch's shares, indicating strong institutional backing as several firms have increased their positions in the company recently.

Shares of Potlatch Corporation (NASDAQ:PCH - Get Free Report) have received an average rating of "Moderate Buy" from the eight analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $49.3333.

PCH has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Potlatch in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Potlatch from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Zacks Research downgraded shares of Potlatch from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Citigroup reissued a "neutral" rating and issued a $45.00 target price (down previously from $49.00) on shares of Potlatch in a research report on Wednesday. Finally, Truist Financial dropped their target price on shares of Potlatch from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Monday, October 13th.

Institutional Investors Weigh In On Potlatch

Several hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. increased its position in shares of Potlatch by 32.3% in the 2nd quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 279 shares during the last quarter. GAMMA Investing LLC grew its position in shares of 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 buying an additional 294 shares during the last quarter. CWM LLC grew its position in shares of Potlatch by 4.3% during the 3rd 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 last quarter. Quarry LP grew its position in shares of Potlatch by 70.9% during the 1st quarter. Quarry LP now owns 1,191 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 494 shares during the last quarter. Finally, Fiduciary Counselling Inc. grew its position in shares of Potlatch by 0.4% during the 2nd quarter. Fiduciary Counselling Inc. now owns 117,237 shares of the real estate investment trust's stock valued at $4,498,000 after buying an additional 521 shares during the last quarter. Institutional investors own 86.06% of the company's stock.

Potlatch Stock Performance

Shares of PCH stock opened at $42.77 on Friday. Potlatch has a 12 month low of $36.82 and a 12 month high of $48.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.13 and a quick ratio of 0.75. The firm has a market capitalization of $3.31 billion, a P/E ratio of 80.70 and a beta of 1.10. The company's fifty day moving average price is $41.75 and its two-hundred day moving average price is $40.41.

Potlatch (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 EPS for the quarter. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. The firm had revenue of $354.19 million for the quarter. On average, research analysts anticipate that Potlatch will post 0.8 earnings per share for the current fiscal year.

Potlatch Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 4.2%. Potlatch's payout ratio is presently 339.62%.

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.

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