Truist Financial Has Lowered Expectations for Potlatch (NASDAQ:PCH) Stock Price

Key Points

• Truist Financial has lowered its price target for Potlatch stock from $52.00 to $51.00, while maintaining a "buy" rating, indicating a potential upside of 25.31% from the current price.
• A downgrade from Wall Street Zen changed Potlatch's rating from "hold" to "sell," contributing to a broader consensus rating of "Moderate Buy" among analysts.
• PCH stock is currently trading at $40.70, with a market capitalization of $3.15 billion and a 52-week price range between $36.82 and $48.12.

Potlatch (NASDAQ:PCH - Get Free Report) had its price objective decreased by equities research analysts at Truist Financial from $52.00 to $51.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the real estate investment trust's stock. Truist Financial's price objective points to a potential upside of 25.31% from the stock's current price.

PCH has been the topic of several other research reports. Wall Street Zen downgraded Potlatch from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Potlatch in a report on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Potlatch currently has a consensus rating of "Moderate Buy" and an average target price of $49.67.

Potlatch Price Performance

PCH stock traded down $0.05 during trading on Monday, hitting $40.70. The company had a trading volume of 27,726 shares, compared to its average volume of 523,312. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 76.64 and a beta of 1.10. The business has a 50 day moving average of $41.86 and a 200 day moving average of $40.48. Potlatch has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. 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 (NASDAQ:PCH - Get Free Report) last issued its quarterly earnings results on Friday, May 6th. The real estate investment trust reported $1.94 EPS for the quarter. The firm had revenue of $354.19 million for the quarter. Potlatch had a net margin of 3.94% and a return on equity of 2.10%. As a group, research analysts predict that Potlatch will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On Potlatch

A number of hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Potlatch by 41.6% during the 1st quarter. UMB Bank n.a. now owns 864 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 254 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Potlatch by 27.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,378 shares of the real estate investment trust's stock worth $56,000 after purchasing an additional 294 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Potlatch by 168.1% during the 1st quarter. Harbor Capital Advisors Inc. now owns 665 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 417 shares in the last quarter. Quarry LP raised its stake in shares of Potlatch by 70.9% during the 1st quarter. Quarry LP now owns 1,191 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 494 shares in the last quarter. Finally, Fiduciary Counselling Inc. raised its stake in shares of Potlatch by 0.4% during the 2nd quarter. Fiduciary Counselling Inc. now owns 117,237 shares of the real estate investment trust's stock worth $4,498,000 after purchasing an additional 521 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.

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