Potlatch Corporation (NASDAQ:PCH) Given Average Recommendation of “Hold” by Brokerages

Shares of Potlatch Corporation (NASDAQ:PCH) have received a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $45.6667.

A number of analysts have recently issued reports on PCH shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $48.00 price objective on shares of Potlatch in a report on Monday, November 10th. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a research report on Friday, November 14th. Truist Financial dropped their price target on Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research note on Monday, October 13th. DA Davidson reiterated a “neutral” rating and issued a $40.00 price objective (down from $54.00) on shares of Potlatch in a report on Thursday, November 13th. Finally, Bank of America cut Potlatch from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $49.00 to $46.00 in a report on Monday, November 17th.

Potlatch Stock Performance

Shares of PCH opened at $39.36 on Monday. Potlatch has a 12-month low of $36.82 and a 12-month high of $48.12. The company has a current ratio of 1.96, a quick ratio of 1.26 and a debt-to-equity ratio of 0.53. The company has a market cap of $3.04 billion, a PE ratio of 48.00 and a beta of 1.10. The stock has a 50-day moving average price of $40.60 and a 200-day moving average price of $40.65.

Potlatch (NASDAQ:PCH) last posted its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $1.94 earnings per share for the quarter. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. The company had revenue of $354.19 million for the quarter. As a group, equities analysts forecast that Potlatch will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. UMB Bank n.a. lifted its position in Potlatch by 32.3% in the second 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 last quarter. GAMMA Investing LLC grew its holdings in shares of Potlatch by 27.1% in the third 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 during the last quarter. CWM LLC increased its stake in shares of Potlatch by 4.3% in the third quarter. CWM LLC now owns 10,155 shares of the real estate investment trust’s stock worth $414,000 after buying an additional 421 shares during the period. Quarry LP increased its stake in shares of Potlatch by 70.9% in the first quarter. Quarry LP now owns 1,191 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 494 shares during the period. Finally, Marathon Capital Management raised its holdings in Potlatch by 4.3% during the 3rd quarter. Marathon Capital Management now owns 12,020 shares of the real estate investment trust’s stock valued at $490,000 after buying an additional 500 shares during the last quarter. 86.06% of the stock is owned by institutional investors.

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.