Potlatch Corporation (PCH) Downgraded to Hold at BidaskClub

BidaskClub lowered shares of Potlatch Corporation (NASDAQ:PCH) from a buy rating to a hold rating in a report published on Saturday.

A number of other equities research analysts have also recently commented on the stock. Vertical Research cut shares of Potlatch Corporation from a hold rating to a sell rating in a report on Wednesday. Royal Bank Of Canada reaffirmed a hold rating and issued a $47.00 target price on shares of Potlatch Corporation in a report on Monday, July 31st. Zacks Investment Research raised shares of Potlatch Corporation from a sell rating to a hold rating and set a $56.00 target price for the company in a report on Friday, July 28th. BMO Capital Markets reaffirmed a hold rating and issued a $40.00 target price on shares of Potlatch Corporation in a report on Thursday, July 20th. Finally, Raymond James Financial, Inc. cut shares of Potlatch Corporation from an outperform rating to a market perform rating in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $45.80.

Shares of Potlatch Corporation (NASDAQ:PCH) traded down 0.39% during midday trading on Friday, reaching $50.70. The company’s stock had a trading volume of 661,664 shares. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 25.09 and a beta of 1.41. The company has a 50 day moving average of $48.25 and a 200-day moving average of $46.72. Potlatch Corporation has a 52 week low of $36.35 and a 52 week high of $52.45.

ILLEGAL ACTIVITY NOTICE: “Potlatch Corporation (PCH) Downgraded to Hold at BidaskClub” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/08/potlatch-corporation-pch-downgraded-to-hold-at-bidaskclub.html.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.50 annualized dividend and a yield of 2.96%. Potlatch Corporation’s dividend payout ratio is currently 73.89%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC raised its holdings in Potlatch Corporation by 0.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,018 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 30 shares in the last quarter. Advantus Capital Management Inc raised its holdings in Potlatch Corporation by 3.1% during the first quarter. Advantus Capital Management Inc now owns 5,191 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 156 shares in the last quarter. Arizona State Retirement System raised its holdings in Potlatch Corporation by 1.2% during the second quarter. Arizona State Retirement System now owns 17,100 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 200 shares in the last quarter. Mason Street Advisors LLC raised its holdings in Potlatch Corporation by 1.3% during the first quarter. Mason Street Advisors LLC now owns 19,155 shares of the real estate investment trust’s stock worth $875,000 after purchasing an additional 244 shares in the last quarter. Finally, Amalgamated Bank raised

A number of other equities research analysts have also recently commented on the stock. Vertical Research cut shares of Potlatch Corporation from a hold rating to a sell rating in a report on Wednesday. Royal Bank Of Canada reaffirmed a hold rating and issued a $47.00 target price on shares of Potlatch Corporation in a report on Monday, July 31st. Zacks Investment Research raised shares of Potlatch Corporation from a sell rating to a hold rating and set a $56.00 target price for the company in a report on Friday, July 28th. BMO Capital Markets reaffirmed a hold rating and issued a $40.00 target price on shares of Potlatch Corporation in a report on Thursday, July 20th. Finally, Raymond James Financial, Inc. cut shares of Potlatch Corporation from an outperform rating to a market perform rating in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $45.80.

Shares of Potlatch Corporation (NASDAQ:PCH) traded down 0.39% during midday trading on Friday, reaching $50.70. The company’s stock had a trading volume of 661,664 shares. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 25.09 and a beta of 1.41. The company has a 50 day moving average of $48.25 and a 200-day moving average of $46.72. Potlatch Corporation has a 52 week low of $36.35 and a 52 week high of $52.45.

ILLEGAL ACTIVITY NOTICE: “Potlatch Corporation (PCH) Downgraded to Hold at BidaskClub” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://ledgergazette.com/2017/10/08/potlatch-corporation-pch-downgraded-to-hold-at-bidaskclub.html.

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a dividend of $0.375 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.50 annualized dividend and a yield of 2.96%. Potlatch Corporation’s dividend payout ratio is currently 73.89%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC raised its holdings in Potlatch Corporation by 0.4% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 7,018 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 30 shares in the last quarter. Advantus Capital Management Inc raised its holdings in Potlatch Corporation by 3.1% during the first quarter. Advantus Capital Management Inc now owns 5,191 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 156 shares in the last quarter. Arizona State Retirement System raised its holdings in Potlatch Corporation by 1.2% during the second quarter. Arizona State Retirement System now owns 17,100 shares of the real estate investment trust’s stock worth $781,000 after purchasing an additional 200 shares in the last quarter. Mason Street Advisors LLC raised its holdings in Potlatch Corporation by 1.3% during the first quarter. Mason Street Advisors LLC now owns 19,155 shares of the real estate investment trust’s stock worth $875,000 after purchasing an additional 244 shares in the last quarter. Finally, Amalgamated Bank raised its holdings in Potlatch Corporation by 4.6% during the second quarter. Amalgamated Bank now owns 5,838 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 255 shares in the last quarter. 83.25% of the stock is owned by hedge funds and other institutional investors.

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)

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