Potlatch (NASDAQ:PCH) Rating Lowered to Neutral at Citigroup

Key Points

• Citigroup has downgraded Potlatch from a "buy" to a "neutral" rating, setting a price target of $45, indicating a potential upside of 9.36% from its current price.
• Analysts have mixed opinions on Potlatch, with Weiss Ratings maintaining a "hold" rating and Wall Street Zen downgrading to "sell." Overall, the consensus rating remains a "Moderate Buy" with a price target of $49.33.
• Potlatch recently reported EBITDA of $1.94 EPS for the last quarter, with a revenue of $354.19 million, reflecting ongoing performance amidst the changes in analyst ratings.

Potlatch (NASDAQ:PCH - Get Free Report) was downgraded by Citigroup from a "buy" rating to a "neutral" rating in a research report issued on Wednesday, MarketBeat reports. They currently have a $45.00 price target on the real estate investment trust's stock. Citigroup's price objective would indicate a potential upside of 9.36% from the stock's current price.

A number of other research analysts also recently commented on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Potlatch in a research 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. Finally, Truist Financial decreased their price objective on shares of Potlatch from $52.00 to $51.00 and set a "buy" rating for the company in a research report on Monday. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.33.

Potlatch Stock Up 0.4%

Shares of PCH stock opened at $41.15 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.75 and a debt-to-equity ratio of 0.47. Potlatch has a 1 year low of $36.82 and a 1 year high of $48.12. The firm's fifty day moving average price is $41.77 and its two-hundred day moving average price is $40.47. The firm has a market capitalization of $3.18 billion, a P/E ratio of 77.64 and a beta of 1.10.

Potlatch (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share (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, equities analysts predict that Potlatch will post 0.8 EPS for the current fiscal year.

Institutional Trading of Potlatch

Institutional investors have recently bought and sold shares of the business. Costello Asset Management INC bought a new stake in Potlatch in the 1st quarter valued at about $30,000. GAMMA Investing LLC boosted its holdings in Potlatch by 61.1% in the 2nd quarter. GAMMA Investing LLC now owns 1,084 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 411 shares during the period. UMB Bank n.a. boosted its holdings in 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 valued at $44,000 after purchasing an additional 279 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Potlatch in the 1st quarter valued at about $52,000. Finally, Quarry LP boosted its holdings in Potlatch by 70.9% in the 1st quarter. Quarry LP now owns 1,191 shares of the real estate investment trust's stock valued at $54,000 after purchasing an additional 494 shares during the period. Institutional investors own 86.06% of the company's stock.

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.