Potlatch Corporation (NASDAQ:PCH)‘s stock had its “hold” rating reiterated by analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday, July 20th. They currently have a $40.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ price target points to a potential downside of 17.53% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Raymond James Financial, Inc. lowered shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. UBS AG lowered shares of Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Vertical Research lowered shares of Potlatch Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. DA Davidson lowered shares of Potlatch Corporation from a “neutral” rating to an “underperform” rating and raised their target price for the company from $40.00 to $44.00 in a research report on Tuesday, April 11th. Finally, Royal Bank Of Canada lowered shares of Potlatch Corporation from an “outperform” rating to a “sector perform” rating and raised their target price for the company 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, eight have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $45.80.
Potlatch Corporation (PCH) traded down 1.55% on Thursday, reaching $47.75. The company’s stock had a trading volume of 224,604 shares. Potlatch Corporation has a 12 month low of $35.38 and a 12 month high of $49.00. The firm has a market cap of $1.94 billion, a P/E ratio of 23.63 and a beta of 1.41. The firm’s 50 day moving average is $46.91 and its 200-day moving average is $45.13.
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Institutional investors have recently modified their holdings of the company. State Treasurer State of Michigan raised its position in Potlatch Corporation by 0.6% in the first quarter. State Treasurer State of Michigan now owns 16,441 shares of the real estate investment trust’s stock valued at $751,000 after buying an additional 100 shares during the last quarter. Advantus Capital Management Inc raised its position in Potlatch Corporation by 3.1% in the first quarter. Advantus Capital Management Inc now owns 5,191 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 156 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in Potlatch Corporation by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 14,088 shares of the real estate investment trust’s stock valued at $644,000 after buying an additional 200 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Potlatch Corporation by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the real estate investment trust’s stock valued at $466,000 after buying an additional 200 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Potlatch Corporation by 1.2% in the second quarter. Arizona State Retirement System now owns 17,100 shares of the real estate investment trust’s stock valued at $781,000 after buying an additional 200 shares during the last quarter. Institutional investors own 82.27% 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.
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