Potlatch Corporation (NASDAQ:PCH) Rating Reiterated by BMO Capital Markets

Potlatch Corporation (NASDAQ:PCH)‘s stock had its “hold” rating reiterated by stock analysts at BMO Capital Markets in a research report issued on Thursday. They currently have a $40.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ target price indicates a potential downside of 15.70% from the company’s current price.

Several other equities analysts have also commented on PCH. UBS AG lowered Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Zacks Investment Research lowered Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub lowered Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Vertical Research lowered Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Finally, Royal Bank Of Canada lowered Potlatch Corporation from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $45.00 to $47.00 in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.00.

Shares of Potlatch Corporation (NASDAQ PCH) opened at 47.45 on Thursday. The company’s 50 day moving average is $46.32 and its 200-day moving average is $44.71. Potlatch Corporation has a 1-year low of $34.22 and a 1-year high of $48.85. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 70.19 and a beta of 1.41.

Potlatch Corporation (NASDAQ:PCH) last released its quarterly earnings results on Wednesday, April 26th. The real estate investment trust reported $0.41 EPS for the quarter, topping the consensus estimate of $0.25 by $0.16. The firm had revenue of $149.70 million for the quarter, compared to analyst estimates of $137.66 million. Potlatch Corporation had a return on equity of 42.10% and a net margin of 4.46%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Potlatch Corporation will post $2.10 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Potlatch Corporation by 26,031.7% in the first quarter. BlackRock Inc. now owns 4,763,801 shares of the real estate investment trust’s stock valued at $217,705,000 after buying an additional 4,745,571 shares in the last quarter. Vanguard Group Inc. increased its stake in Potlatch Corporation by 6.6% in the first quarter. Vanguard Group Inc. now owns 3,428,535 shares of the real estate investment trust’s stock valued at $156,684,000 after buying an additional 211,513 shares in the last quarter. Renaissance Technologies LLC increased its stake in Potlatch Corporation by 3.2% in the first quarter. Renaissance Technologies LLC now owns 1,528,553 shares of the real estate investment trust’s stock valued at $69,855,000 after buying an additional 47,453 shares in the last quarter. State Street Corp increased its stake in Potlatch Corporation by 0.8% in the first quarter. State Street Corp now owns 1,276,724 shares of the real estate investment trust’s stock valued at $58,350,000 after buying an additional 9,887 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Potlatch Corporation by 38.7% in the first quarter. Wellington Management Group LLP now owns 1,229,747 shares of the real estate investment trust’s stock valued at $56,200,000 after buying an additional 343,231 shares in the last quarter. Institutional investors own 83.39% of the company’s stock.

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.

Analyst Recommendations for Potlatch Corporation (NASDAQ:PCH)

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