Shares of Potlatch Co. (NASDAQ:PCH) have received an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $51.17.
PCH has been the topic of a number of analyst reports. Zacks Investment Research raised Potlatch from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a research note on Wednesday, December 27th. BidaskClub raised Potlatch from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. BMO Capital Markets lifted their price target on Potlatch from $42.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Bank of America raised Potlatch from an “underperform” rating to a “neutral” rating and set a $54.00 price target on the stock in a research note on Tuesday, January 2nd. Finally, Raymond James Financial raised Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 price target on the stock in a research note on Monday, January 8th.
Shares of Potlatch (PCH) traded down $0.40 on Tuesday, reaching $50.55. The company had a trading volume of 627,377 shares, compared to its average volume of 843,977. The stock has a market cap of $2,052.89, a PE ratio of 20.80, a P/E/G ratio of 3.39 and a beta of 1.36. Potlatch has a 1 year low of $42.85 and a 1 year high of $56.35. The company has a debt-to-equity ratio of 2.79, a current ratio of 2.58 and a quick ratio of 1.91.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $1.60 dividend on an annualized basis and a yield of 3.17%. Potlatch’s payout ratio is presently 76.19%.
In other Potlatch news, VP Thomas J. Temple sold 2,401 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $54.41, for a total transaction of $130,638.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jerald W. Richards sold 4,765 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $54.42, for a total value of $259,311.30. The disclosure for this sale can be found here. Insiders have sold a total of 165,283 shares of company stock valued at $8,566,098 over the last 90 days. Corporate insiders own 1.52% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC acquired a new stake in shares of Potlatch during the 3rd quarter valued at about $142,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Potlatch during the 3rd quarter valued at about $206,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Potlatch during the 4th quarter valued at about $206,000. Globeflex Capital L P acquired a new stake in shares of Potlatch during the 4th quarter valued at about $240,000. Finally, Elkfork Partners LLC acquired a new stake in shares of Potlatch during the 4th quarter valued at about $264,000. Institutional investors and hedge funds own 88.49% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.tickerreport.com/banking-finance/3256240/analysts-set-potlatch-co-pch-target-price-at-51-17.html.
PotlatchDeltic Corp, formerly 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.
Receive News & Ratings for Potlatch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch and related companies with MarketBeat.com's FREE daily email newsletter.