Potlatch Corporation (PCH) Given Average Rating of “Hold” by Brokerages

Shares of Potlatch Corporation (NASDAQ:PCH) have been given a consensus recommendation of “Hold” by the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $45.80.

A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Zacks Investment Research raised shares of Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 price objective on the stock in a report on Friday, July 28th. Raymond James Financial, Inc. downgraded shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 27th. Royal Bank Of Canada restated a “hold” rating and set a $47.00 target price on shares of Potlatch Corporation in a research note on Monday, July 31st. Finally, BMO Capital Markets restated a “hold” rating and set a $40.00 target price on shares of Potlatch Corporation in a research note on Thursday, July 20th.

Institutional investors and hedge funds have recently bought and sold shares of the company. USA Financial Portformulas Corp purchased a new stake in Potlatch Corporation in the second quarter valued at approximately $496,000. Westwood Holdings Group Inc. boosted its position in Potlatch Corporation by 24.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 323,126 shares of the real estate investment trust’s stock worth $14,767,000 after purchasing an additional 62,594 shares in the last quarter. Susquehanna International Group LLP boosted its position in Potlatch Corporation by 27.0% in the 2nd quarter. Susquehanna International Group LLP now owns 63,523 shares of the real estate investment trust’s stock worth $2,903,000 after purchasing an additional 13,523 shares in the last quarter. 361 Capital LLC boosted its position in Potlatch Corporation by 263.3% in the 2nd quarter. 361 Capital LLC now owns 82,010 shares of the real estate investment trust’s stock worth $3,748,000 after purchasing an additional 59,437 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its position in Potlatch Corporation by 6.4% in the 2nd quarter. Laurel Wealth Advisors Inc. now owns 21,219 shares of the real estate investment trust’s stock worth $969,000 after purchasing an additional 1,275 shares in the last quarter. Hedge funds and other institutional investors own 83.25% of the company’s stock.

Potlatch Corporation (PCH) traded up 0.10% on Tuesday, reaching $48.60. 253,967 shares of the company traded hands. Potlatch Corporation has a one year low of $35.38 and a one year high of $49.00. The stock’s 50 day moving average price is $46.89 and its 200 day moving average price is $45.94. The company has a market capitalization of $1.97 billion, a PE ratio of 24.05 and a beta of 1.41.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.50 dividend on an annualized basis and a yield of 3.09%. Potlatch Corporation’s dividend payout ratio is presently 73.89%.

TRADEMARK VIOLATION WARNING: This article was published by Stock Observer and is owned by of Stock Observer. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.thestockobserver.com/2017/09/12/potlatch-corporation-pch-given-average-rating-of-hold-by-brokerages.html.

Potlatch Corporation 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.

Analyst Recommendations for Potlatch Corporation (NASDAQ:PCH)

Receive News & Ratings for Potlatch Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply