Analysts Set Potlatch Corporation (NASDAQ:PCH) PT at $45.83

Potlatch Corporation (NASDAQ:PCH) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $45.8333.

PCH has been the topic of several research analyst reports. Zacks Research upgraded Potlatch from a “strong sell” rating to a “hold” rating in a research note on Friday, November 14th. DA Davidson restated a “neutral” rating and issued a $40.00 target price (down from $54.00) on shares of Potlatch in a research note on Thursday, November 13th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $48.00 price target on shares of Potlatch in a research note on Monday, November 10th. Truist Financial decreased their price objective on Potlatch from $52.00 to $51.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Citigroup boosted their price objective on Potlatch from $44.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th.

Insider Buying and Selling at Potlatch

In other Potlatch news, VP Ashlee Townsend Cribb sold 4,756 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $39.35, for a total transaction of $187,148.60. Following the sale, the vice president owned 39,619 shares in the company, valued at $1,559,007.65. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Darin Robert Ball sold 4,127 shares of Potlatch stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $39.30, for a total value of $162,191.10. Following the completion of the transaction, the vice president owned 49,054 shares of the company’s stock, valued at approximately $1,927,822.20. This trade represents a 7.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 43,569 shares of company stock worth $1,715,897. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PCH. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Potlatch in the 2nd quarter worth about $292,000. Capital Fund Management S.A. purchased a new stake in Potlatch in the second quarter worth approximately $2,151,000. First Horizon Corp bought a new position in Potlatch during the third quarter valued at approximately $4,640,000. Bayforest Capital Ltd bought a new position in Potlatch during the second quarter valued at approximately $1,024,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Potlatch by 91.6% during the second quarter. Envestnet Asset Management Inc. now owns 70,284 shares of the real estate investment trust’s stock worth $2,697,000 after acquiring an additional 33,610 shares in the last quarter. Institutional investors own 86.06% of the company’s stock.

Potlatch Price Performance

PCH opened at $41.71 on Tuesday. Potlatch has a fifty-two week low of $36.82 and a fifty-two week high of $48.12. The firm has a 50-day moving average of $41.06 and a 200 day moving average of $41.26. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.26 and a current ratio of 1.96. The firm has a market cap of $3.22 billion, a P/E ratio of 50.87 and a beta of 1.09.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.15 by $0.21. Potlatch had a net margin of 5.76% and a return on equity of 3.38%. The business had revenue of $314.18 million for the quarter, compared to analyst estimates of $308.13 million. On average, research analysts expect that Potlatch will post 0.8 EPS for the current year.

Potlatch Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.80 annualized dividend and a yield of 4.3%. Potlatch’s dividend payout ratio (DPR) is 219.51%.

Potlatch Company Profile

PotlatchDeltic Corporation, which trades on the NASDAQ under the ticker PCH, is a real estate investment trust (REIT) specializing in the ownership and sustainable management of timberland. Headquartered in Spokane, Washington, the company holds approximately two million acres of forested land across the United States. Its integrated business model combines timberland stewardship with manufacturing and marketing of wood products to serve residential, agricultural and industrial markets.

In its timberland segment, PotlatchDeltic focuses on responsible forest management practices, including reforestation, habitat conservation and wildfire mitigation.