Potlatch Corporation (NASDAQ:PCH) Given Consensus Rating of “Hold” by Analysts

Shares of Potlatch Corporation (NASDAQ:PCH) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $45.80.

PCH has been the subject of several recent research reports. DA Davidson reissued a “neutral” rating and issued a $40.00 price target (down from $54.00) on shares of Potlatch in a research report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Potlatch in a research note on Wednesday, October 8th. Truist Financial decreased their price target on shares of Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Bank of America cut shares of Potlatch from a “buy” rating to an “underperform” rating and lowered their price target for the company from $49.00 to $46.00 in a report on Monday, November 17th. Finally, Citigroup reduced their price objective on shares of Potlatch from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Wednesday, November 12th.

Potlatch Trading Down 0.7%

NASDAQ:PCH opened at $39.78 on Friday. The firm has a 50-day simple moving average of $39.95 and a 200-day simple moving average of $40.77. Potlatch has a one year low of $36.82 and a one year high of $48.12. The firm has a market cap of $3.07 billion, a P/E ratio of 48.51 and a beta of 1.09. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.26 and a current ratio of 1.96.

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

Potlatch Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.5%. Potlatch’s dividend payout ratio is presently 219.51%.

Insider Activity

In other Potlatch news, VP William R. Dereu sold 3,278 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $39.33, for a total value of $128,923.74. Following the completion of the sale, the vice president owned 73,845 shares of the company’s stock, valued at approximately $2,904,323.85. This trade represents a 4.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric J. Cremers sold 24,123 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $39.33, for a total value of $948,757.59. Following the sale, the chief executive officer owned 296,043 shares in the company, valued at $11,643,371.19. The trade was a 7.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 42,278 shares of company stock worth $1,663,143. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Potlatch

A number of large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Potlatch during the second quarter worth $292,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Potlatch by 254.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 876,480 shares of the real estate investment trust’s stock worth $39,547,000 after purchasing an additional 629,334 shares during the period. Strs Ohio purchased a new position in shares of Potlatch during the 1st quarter valued at about $659,000. Capital Fund Management S.A. purchased a new position in shares of Potlatch during the 2nd quarter valued at about $2,151,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Potlatch in the 2nd quarter valued at about $1,024,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

Potlatch Company Profile

PotlatchDeltic Corporation, which trades on the NASDAQ under the ticker PCH, is a real estate investment trust (REIT) specializing in the ownership and sustainable management of timberland. Headquartered in Spokane, Washington, the company holds approximately two million acres of forested land across the United States. Its integrated business model combines timberland stewardship with manufacturing and marketing of wood products to serve residential, agricultural and industrial markets.

In its timberland segment, PotlatchDeltic focuses on responsible forest management practices, including reforestation, habitat conservation and wildfire mitigation.