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

Shares of Potlatch Corporation (NASDAQ:PCH - Get Free Report) have been given an average rating of "Moderate Buy" by the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $48.86.

PCH has been the subject of several recent research reports. Truist Financial raised their price target on shares of Potlatch from $42.00 to $44.00 and gave the company a "hold" rating in a research report on Friday. Citigroup reissued a "buy" rating and issued a $47.00 price target (down previously from $49.00) on shares of Potlatch in a research report on Tuesday, June 3rd.

Potlatch Trading Down 0.2%

Shares of NASDAQ:PCH traded down $0.08 during mid-day trading on Friday, reaching $40.59. 430,868 shares of the company were exchanged, compared to its average volume of 481,133. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.43 and a quick ratio of 1.04. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 66.54 and a beta of 1.14. The firm's 50-day simple moving average is $39.14 and its 200 day simple moving average is $41.28. Potlatch has a 1 year low of $36.82 and a 1 year high of $48.12.

Potlatch (NASDAQ:PCH - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.13. The firm had revenue of $268.26 million during the quarter, compared to analysts' expectations of $243.68 million. Potlatch had a net margin of 4.35% and a return on equity of 2.36%. The company's revenue was up 17.6% compared to the same quarter last year. Equities research analysts forecast that Potlatch will post 0.8 EPS for the current year.

Potlatch Announces Dividend

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

Institutional Trading of Potlatch

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank n.a. increased its stake in Potlatch by 32.3% in the second quarter. UMB Bank n.a. now owns 1,143 shares of the real estate investment trust's stock valued at $44,000 after purchasing an additional 279 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Potlatch in the second quarter valued at $292,000. Swedbank AB acquired a new position in Potlatch in the second quarter valued at $7,278,000. Strs Ohio acquired a new position in Potlatch in the first quarter valued at $659,000. Finally, Focus Partners Wealth boosted its holdings in shares of Potlatch by 8.9% in the first quarter. Focus Partners Wealth now owns 6,920 shares of the real estate investment trust's stock valued at $312,000 after acquiring an additional 565 shares in the last quarter. 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.