Potlatch Corporation (NASDAQ:PCH) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Potlatch Corporation (NASDAQ:PCH - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $48.86.

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

Institutional Trading of Potlatch

Institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its holdings in Potlatch by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,542,771 shares of the real estate investment trust's stock worth $60,554,000 after acquiring an additional 70,745 shares during the period. Victory Capital Management Inc. grew its holdings in Potlatch by 91.2% during the 4th quarter. Victory Capital Management Inc. now owns 41,976 shares of the real estate investment trust's stock worth $1,648,000 after acquiring an additional 20,022 shares during the period. Proficio Capital Partners LLC acquired a new stake in Potlatch during the 4th quarter worth about $741,000. Raymond James Financial Inc. acquired a new stake in Potlatch during the 4th quarter worth about $2,128,000. Finally, PNC Financial Services Group Inc. grew its holdings in Potlatch by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 16,001 shares of the real estate investment trust's stock worth $628,000 after acquiring an additional 1,012 shares during the period. 86.06% of the stock is currently owned by institutional investors and hedge funds.

Potlatch Price Performance

NASDAQ PCH traded down $0.09 on Friday, hitting $40.50. 416,509 shares of the company's stock were exchanged, compared to its average volume of 479,791. The stock has a 50-day moving average of $39.18 and a 200-day moving average of $41.31. The company has a current ratio of 1.43, a quick ratio of 1.04 and a debt-to-equity ratio of 0.45. Potlatch has a 52 week low of $36.82 and a 52 week high of $48.12. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 66.39 and a beta of 1.14.

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

Potlatch Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued 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 4.44%. Potlatch's payout ratio is 295.08%.

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.