Analysts Set Potlatch Corporation (NASDAQ:PCH) PT at $43.25

Potlatch Corporation (NASDAQ:PCH) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $45.80.

A number of research analysts have issued reports on the company. Royal Bank Of Canada cut Potlatch Corporation from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $45.00 to $47.00 in a research note on Wednesday, April 19th. They noted that the move was a valuation call. Zacks Investment Research lowered Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. BMO Capital Markets reissued a “hold” rating and issued a $40.00 target price on shares of Potlatch Corporation in a report on Thursday, July 20th. BidaskClub raised Potlatch Corporation from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Raymond James Financial, Inc. lowered Potlatch Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th.

Institutional investors have recently made changes to their positions in the stock. Guggenheim Capital LLC increased its position in shares of Potlatch Corporation by 0.9% in the fourth quarter. Guggenheim Capital LLC now owns 51,127 shares of the real estate investment trust’s stock valued at $2,130,000 after buying an additional 433 shares during the last quarter. Norges Bank purchased a new stake in Potlatch Corporation during the fourth quarter worth approximately $17,071,000. Teachers Advisors LLC increased its stake in Potlatch Corporation by 2.2% in the fourth quarter. Teachers Advisors LLC now owns 73,429 shares of the real estate investment trust’s stock worth $3,058,000 after buying an additional 1,568 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in Potlatch Corporation during the first quarter worth approximately $211,000. Finally, Bank of Montreal Can increased its stake in Potlatch Corporation by 792.7% in the first quarter. Bank of Montreal Can now owns 27,505 shares of the real estate investment trust’s stock worth $1,258,000 after buying an additional 24,424 shares in the last quarter. Institutional investors and hedge funds own 82.27% of the company’s stock.

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Potlatch Corporation (PCH) opened at 46.75 on Monday. The firm’s 50-day moving average is $47.02 and its 200-day moving average is $45.40. The firm has a market capitalization of $1.90 billion, a P/E ratio of 23.13 and a beta of 1.41. Potlatch Corporation has a 52-week low of $35.38 and a 52-week high of $49.00.

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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