Potlatch Corporation (NASDAQ:PCH) Receives Average Rating of "Moderate Buy" from Brokerages

Potlatch Corporation (NASDAQ:PCH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $48.57.

A number of research firms recently commented on PCH. Truist Financial decreased their price target on Potlatch from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Citigroup reiterated a "buy" rating and issued a $47.00 price objective (down from $49.00) on shares of Potlatch in a research report on Tuesday, June 3rd.

Potlatch Stock Up 0.3%

NASDAQ PCH opened at $40.67 on Friday. The firm has a market cap of $3.20 billion, a PE ratio of 66.67 and a beta of 1.14. Potlatch has a one year low of $36.82 and a one year high of $48.12. The stock's 50 day simple moving average is $39.14 and its 200 day simple moving average is $41.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.43 and a quick ratio of 1.04.

Potlatch (NASDAQ:PCH - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The real estate investment trust reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. The business had revenue of $268.26 million for the quarter, compared to analyst estimates of $243.68 million. Potlatch had a return on equity of 2.36% and a net margin of 4.35%. Potlatch's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, sell-side analysts forecast that Potlatch will post 0.8 earnings per share for the current fiscal year.

Potlatch Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $0.45 dividend. The ex-dividend date was Friday, June 6th. This represents a $1.80 dividend on an annualized basis and a yield of 4.43%. Potlatch's payout ratio is 295.08%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Potlatch in the 2nd quarter valued at $292,000. Swedbank AB acquired a new position in shares of Potlatch in the 2nd quarter valued at $7,278,000. Strs Ohio acquired a new position in shares of Potlatch in the 1st quarter valued at $659,000. Focus Partners Wealth lifted its stake in shares of Potlatch by 8.9% in the 1st quarter. Focus Partners Wealth now owns 6,920 shares of the real estate investment trust's stock valued at $312,000 after purchasing an additional 565 shares during the period. Finally, Jane Street Group LLC lifted its stake in shares of Potlatch by 319.3% in the 1st quarter. Jane Street Group LLC now owns 189,230 shares of the real estate investment trust's stock valued at $8,538,000 after purchasing an additional 144,101 shares during the period. Institutional investors and hedge funds own 86.06% of the company's stock.

Potlatch Company Profile

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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