Potlatch Corporation (PCH) Upgraded at BidaskClub

Potlatch Corporation (NASDAQ:PCH) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Monday, July 24th.

PCH has been the topic of a number of other reports. UBS AG cut shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered shares of Potlatch Corporation from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 20th. Royal Bank Of Canada lowered shares of Potlatch Corporation from an “outperform” rating to a “sector perform” rating and raised their price objective for the stock from $45.00 to $47.00 in a report on Wednesday, April 19th. They noted that the move was a valuation call. BMO Capital Markets restated a “hold” rating and set a $40.00 price objective on shares of Potlatch Corporation in a report on Thursday, July 20th. Finally, Vertical Research upgraded shares of Potlatch Corporation from a “sell” rating to a “hold” rating in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.80.

Potlatch Corporation (NASDAQ:PCH) opened at 44.40 on Monday. Potlatch Corporation has a 12-month low of $35.38 and a 12-month high of $49.00. The company has a market cap of $1.80 billion, a PE ratio of 21.97 and a beta of 1.41. The firm has a 50 day moving average price of $46.90 and a 200 day moving average price of $45.63.

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A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Potlatch Corporation by 1.6% in the second quarter. BlackRock Inc. now owns 4,839,675 shares of the real estate investment trust’s stock valued at $221,173,000 after buying an additional 75,874 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Potlatch Corporation by 7.3% in the second quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock valued at $168,183,000 after buying an additional 251,612 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Potlatch Corporation by 3.9% in the second quarter. Renaissance Technologies LLC now owns 1,588,200 shares of the real estate investment trust’s stock valued at $72,581,000 after buying an additional 59,647 shares during the last quarter. State Street Corp raised its stake in shares of Potlatch Corporation by 8.0% in the second quarter. State Street Corp now owns 1,378,999 shares of the real estate investment trust’s stock valued at $63,023,000 after buying an additional 102,275 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Potlatch Corporation by 38.7% in the first quarter. Wellington Management Group LLP now owns 1,229,747 shares of the real estate investment trust’s stock valued at $56,200,000 after buying an additional 343,231 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

About Potlatch Corporation

Potlatch Corporation is a real estate investment trust (REIT), which is primarily engaged in activities associated with timberland management, including the sale of timber, management of timberlands, and purchase and sale of timberlands. The Company is also engaged in the manufacture and sale of wood products.

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