Analysts Set Potlatch Corporation (PCH) PT at $45.80

Shares of Potlatch Corporation (NASDAQ:PCH) have been assigned a consensus rating of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $45.80.

Several brokerages recently commented on PCH. BidaskClub raised Potlatch Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 target price on shares of Potlatch Corporation in a research report on Monday, July 31st. Zacks Investment Research raised Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 target price for the company in a research 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 research report on Thursday, July 20th. Finally, Raymond James Financial, Inc. cut Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th.

WARNING: This report was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/10/analysts-set-potlatch-corporation-pch-pt-at-45-80.html.

Potlatch Corporation (NASDAQ:PCH) traded up 0.89% on Friday, hitting $51.20. 217,362 shares of the stock were exchanged. Potlatch Corporation has a one year low of $36.35 and a one year high of $52.45. The company’s 50 day moving average price is $48.43 and its 200-day moving average price is $46.80. The company has a market cap of $2.08 billion, a P/E ratio of 25.33 and a beta of 1.41.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid 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 2.93%. Potlatch Corporation’s dividend payout ratio is currently 73.89%.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Potlatch Corporation by 1.6% in the second quarter. BlackRock Inc. now owns 4,839,675 shares of the real estate investment trust’s stock valued at $221,173,000 after acquiring an additional 75,874 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Potlatch Corporation by 7.3% in the second quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock valued at $168,183,000 after acquiring an additional 251,612 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Potlatch Corporation by 3.9% in the second quarter. Renaissance Technologies LLC now owns 1,588,200 shares of the real estate investment trust’s stock valued at $72,581,000 after acquiring an additional 59,647 shares during the last quarter. State Street Corp boosted its holdings in Potlatch Corporation by 8.0% in the second quarter. State Street Corp now owns 1,378,999 shares of the real estate investment trust’s stock valued at $63,023,000 after acquiring an additional 102,275 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Potlatch Corporation by 38.7% in the first quarter. Wellington Management Group LLP now owns 1,229,747 shares of the real estate in

Several brokerages recently commented on PCH. BidaskClub raised Potlatch Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $47.00 target price on shares of Potlatch Corporation in a research report on Monday, July 31st. Zacks Investment Research raised Potlatch Corporation from a “sell” rating to a “hold” rating and set a $56.00 target price for the company in a research 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 research report on Thursday, July 20th. Finally, Raymond James Financial, Inc. cut Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th.

WARNING: This report was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at https://ledgergazette.com/2017/10/10/analysts-set-potlatch-corporation-pch-pt-at-45-80.html.

Potlatch Corporation (NASDAQ:PCH) traded up 0.89% on Friday, hitting $51.20. 217,362 shares of the stock were exchanged. Potlatch Corporation has a one year low of $36.35 and a one year high of $52.45. The company’s 50 day moving average price is $48.43 and its 200-day moving average price is $46.80. The company has a market cap of $2.08 billion, a P/E ratio of 25.33 and a beta of 1.41.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid 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 2.93%. Potlatch Corporation’s dividend payout ratio is currently 73.89%.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Potlatch Corporation by 1.6% in the second quarter. BlackRock Inc. now owns 4,839,675 shares of the real estate investment trust’s stock valued at $221,173,000 after acquiring an additional 75,874 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Potlatch Corporation by 7.3% in the second quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock valued at $168,183,000 after acquiring an additional 251,612 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Potlatch Corporation by 3.9% in the second quarter. Renaissance Technologies LLC now owns 1,588,200 shares of the real estate investment trust’s stock valued at $72,581,000 after acquiring an additional 59,647 shares during the last quarter. State Street Corp boosted its holdings in Potlatch Corporation by 8.0% in the second quarter. State Street Corp now owns 1,378,999 shares of the real estate investment trust’s stock valued at $63,023,000 after acquiring an additional 102,275 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings 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 acquiring an additional 343,231 shares during the last quarter. Institutional investors own 83.25% 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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