BidaskClub Lowers Potlatch (PCH) to Sell

BidaskClub downgraded shares of Potlatch (NASDAQ:PCH) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Potlatch from a strong-buy rating to a hold rating in a research report on Wednesday, November 22nd. Bank of America lifted their target price on shares of Potlatch from $50.00 to $54.00 and gave the stock an underperform rating in a research report on Wednesday, October 25th. DA Davidson lifted their target price on shares of Potlatch to $47.00 and gave the stock an underperform rating in a research report on Tuesday, October 24th. BMO Capital Markets reiterated a hold rating on shares of Potlatch in a research report on Monday, October 23rd. Finally, Vertical Research downgraded shares of Potlatch from a hold rating to a sell rating in a research report on Wednesday, October 4th. Four research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $49.40.

Shares of Potlatch (PCH) opened at $51.20 on Friday. The company has a current ratio of 2.17, a quick ratio of 1.72 and a debt-to-equity ratio of 2.92. Potlatch has a 1 year low of $39.05 and a 1 year high of $56.35. The company has a market cap of $2,099.58, a P/E ratio of 23.08, a P/E/G ratio of 4.33 and a beta of 1.44.

Potlatch (NASDAQ:PCH) last posted its earnings results on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. The business had revenue of $190.40 million for the quarter, compared to the consensus estimate of $187.29 million. During the same period last year, the company earned $0.68 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. analysts predict that Potlatch will post 2.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be issued a dividend of $0.40 per share. This is a positive change from Potlatch’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.60 annualized dividend and a yield of 3.13%. Potlatch’s dividend payout ratio (DPR) is presently 69.12%.

In other Potlatch news, VP William R. Dereu sold 4,720 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the completion of the transaction, the vice president now owns 26,142 shares in the company, valued at approximately $1,372,455. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.52% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in PCH. Teachers Advisors LLC increased its stake in shares of Potlatch by 2.6% in the 1st quarter. Teachers Advisors LLC now owns 75,374 shares of the real estate investment trust’s stock valued at $3,445,000 after acquiring an additional 1,945 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Potlatch by 80.9% in the 2nd quarter. Bank of Montreal Can now owns 49,769 shares of the real estate investment trust’s stock valued at $2,274,000 after acquiring an additional 22,264 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Potlatch by 4.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 14,674 shares of the real estate investment trust’s stock valued at $671,000 after acquiring an additional 586 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Potlatch by 18.2% in the 2nd quarter. LS Investment Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock valued at $143,000 after acquiring an additional 483 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of Potlatch by 3.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 84.78% of the company’s stock.

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Potlatch Company Profile

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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