Potlatch (NASDAQ:PCH) Rating Lowered to Sell at Wall Street Zen

Potlatch (NASDAQ:PCH) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently issued reports on PCH. Citigroup restated a “buy” rating and set a $47.00 price objective (down from $49.00) on shares of Potlatch in a research report on Tuesday, June 3rd. Truist Financial raised shares of Potlatch from a “hold” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $52.00 in a research report on Wednesday, July 16th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.00.

Potlatch Stock Up 1.1%

Shares of PCH opened at $41.32 on Friday. Potlatch has a 1 year low of $36.82 and a 1 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 business’s 50 day simple moving average is $39.79 and its 200-day simple moving average is $41.47. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 77.96 and a beta of 1.12.

Potlatch (NASDAQ:PCH) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Potlatch had a return on equity of 2.10% and a net margin of 3.94%. The business had revenue of $274.99 million for the quarter, compared to the consensus estimate of $267.66 million. During the same period in the prior year, the business posted $0.17 earnings per share. The company’s quarterly revenue was down 14.2% compared to the same quarter last year. As a group, equities analysts expect that Potlatch will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its stake in Potlatch by 4.0% in the 4th quarter. Legal & General Group Plc now owns 2,498,762 shares of the real estate investment trust’s stock worth $98,076,000 after buying an additional 95,485 shares during the period. Westwood Holdings Group Inc. increased its stake in shares of Potlatch by 12.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 2,404,064 shares of the real estate investment trust’s stock valued at $94,360,000 after buying an additional 260,674 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Potlatch by 17.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 2,359,832 shares of the real estate investment trust’s stock valued at $92,623,000 after buying an additional 351,777 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Potlatch by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,560,123 shares of the real estate investment trust’s stock valued at $70,393,000 after buying an additional 17,352 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its stake in shares of Potlatch by 1.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,413,351 shares of the real estate investment trust’s stock valued at $55,474,000 after buying an additional 19,521 shares during the period. Hedge funds and other 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.