Pope Resources (NASDAQ:POPE) Downgraded by TheStreet to “C”

Pope Resources (NASDAQ:POPE) was downgraded by equities research analysts at TheStreet from a “b” rating to a “c” rating in a research note issued on Friday, TheStreetRatingsTable reports.

Separately, BidaskClub upgraded Pope Resources from a “buy” rating to a “strong-buy” rating in a research report on Friday.

Pope Resources stock traded up $0.18 during trading on Friday, reaching $86.98. 1 shares of the company were exchanged, compared to its average volume of 2,247. Pope Resources has a 52-week low of $62.50 and a 52-week high of $87.00. The company has a market capitalization of $372.11 million, a P/E ratio of 65.22 and a beta of 0.28. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s 50 day simple moving average is $76.04 and its two-hundred day simple moving average is $70.87.

An institutional investor recently raised its position in Pope Resources stock. Cannell Peter B & Co. Inc. raised its holdings in Pope Resources (NASDAQ:POPE) by 17.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,250 shares of the construction company’s stock after purchasing an additional 3,500 shares during the quarter. Cannell Peter B & Co. Inc. owned 0.53% of Pope Resources worth $1,575,000 as of its most recent SEC filing. 8.68% of the stock is owned by institutional investors.

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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