Pope Resources (NASDAQ:POPE) Upgraded by TheStreet to B-

Pope Resources (NASDAQ:POPE) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Wednesday, TheStreetRatingsTable reports.

Separately, BidaskClub upgraded Pope Resources from a “hold” rating to a “buy” rating in a research note on Wednesday.

NASDAQ POPE traded down $0.74 during trading hours on Wednesday, hitting $78.35. 362 shares of the company’s stock were exchanged, compared to its average volume of 967. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.46. Pope Resources has a 1-year low of $62.50 and a 1-year high of $79.09. The stock has a 50-day simple moving average of $70.20 and a 200 day simple moving average of $68.42. The firm has a market cap of $307.04 million, a price-to-earnings ratio of 34.22 and a beta of 0.27.

Pope Resources (NASDAQ:POPE) last announced its earnings results on Monday, August 5th. The construction company reported $0.50 earnings per share (EPS) for the quarter. The company had revenue of $28.00 million for the quarter. Pope Resources had a return on equity of 2.66% and a net margin of 6.08%.

An institutional investor recently raised its position in Pope Resources stock. Cannell Peter B & Co. Inc. raised its holdings in shares of Pope Resources (NASDAQ:POPE) by 17.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,250 shares of the construction company’s stock after buying an additional 3,500 shares during the quarter. Cannell Peter B & Co. Inc. owned about 0.53% of Pope Resources worth $1,575,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 8.66% of the company’s stock.

Pope Resources Company Profile

Pope Resources, A Delaware Limited Partnership manages timber resources in the United States. The company operates in four segments: Partnership Timber, Funds Timber, Timberland Investment Management, and Real Estate. It is involved in growing, managing, harvesting, and marketing timber from the Partnership's 120,000 acres of direct timberland ownership in Washington; and private equity timber funds' 134,000 acres of timberland in Washington, Oregon, and California that co-owned with third-party investors.

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