Seaport Res Ptn Decreases Earnings Estimates for Potlatch

Key Points

• Seaport Res Ptn has reduced its FY2026 EPS estimate for Potlatch Corporation from $0.80 to $0.72.
• The company reported $0.09 EPS for the last quarter, exceeding analyst expectations of $0.07, despite a 14.2% decline in revenue year-over-year.
• Potlatch has declared a quarterly dividend of $0.45, resulting in an annualized yield of 4.6%, with a significant dividend payout ratio of 339.62%.

Potlatch Corporation (NASDAQ:PCH - Free Report) - Research analysts at Seaport Res Ptn decreased their FY2026 EPS estimates for shares of Potlatch in a research note issued on Wednesday, September 24th. Seaport Res Ptn analyst M. Weintraub now expects that the real estate investment trust will post earnings per share of $0.72 for the year, down from their previous forecast of $0.80. The consensus estimate for Potlatch's current full-year earnings is $0.80 per share.

Potlatch (NASDAQ:PCH - Get Free Report) last issued its earnings results on Monday, July 28th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. The business had revenue of $274.99 million for the quarter, compared to analyst estimates of $267.66 million. During the same period in the prior year, the firm earned $0.17 earnings per share. Potlatch's revenue was down 14.2% on a year-over-year basis.

A number of other equities research analysts have also recently commented on PCH. Citigroup reissued a "buy" rating and issued a $47.00 price objective (down previously from $49.00) on shares of Potlatch in a research note on Tuesday, June 3rd. Wall Street Zen lowered shares of Potlatch from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Truist Financial upgraded shares of Potlatch from a "hold" rating to a "buy" rating and upped their price objective for the stock from $44.00 to $52.00 in a report on Wednesday, July 16th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Potlatch currently has a consensus rating of "Buy" and a consensus target price of $49.83.

Potlatch Stock Performance

Shares of PCH opened at $39.34 on Friday. The stock has a 50-day moving average of $41.78 and a 200-day moving average of $40.80. Potlatch has a one year low of $36.82 and a one year 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 company has a market cap of $3.04 billion, a PE ratio of 74.23 and a beta of 1.12.

Hedge Funds Weigh In On Potlatch

Hedge funds and other institutional investors have recently modified their holdings of the business. Harbor Capital Advisors Inc. grew its holdings in shares of Potlatch by 168.1% in the first quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 417 shares in the last quarter. Costello Asset Management INC purchased a new position in Potlatch in the first quarter worth $30,000. UMB Bank n.a. grew its stake in Potlatch by 41.6% in the 1st quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 254 shares during the period. GAMMA Investing LLC increased its position in shares of Potlatch by 61.1% during 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 last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Potlatch during the 1st quarter worth $52,000. Hedge funds and other institutional investors own 86.06% of the company's stock.

Potlatch Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Monday, September 15th. Potlatch's dividend payout ratio is presently 339.62%.

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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