Potlatch Corporation (NASDAQ:PCH)‘s stock had its “hold” rating restated by research analysts at BMO Capital Markets in a report released on Thursday, July 20th. They currently have a $40.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ price objective indicates a potential downside of 14.71% from the company’s previous close.
Several other research analysts have also recently weighed in on PCH. Raymond James Financial, Inc. cut Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. DA Davidson lowered Potlatch Corporation from a “neutral” rating to an “underperform” rating and raised their price objective for the company from $40.00 to $44.00 in a research note on Tuesday, April 11th. BidaskClub raised Potlatch Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Zacks Investment Research raised Potlatch Corporation from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, April 5th. Finally, Vertical Research raised Potlatch Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Potlatch Corporation has a consensus rating of “Hold” and an average target price of $45.80.
Potlatch Corporation (NASDAQ:PCH) opened at 46.90 on Thursday. The firm has a market capitalization of $1.90 billion, a P/E ratio of 23.21 and a beta of 1.41. Potlatch Corporation has a 12 month low of $35.38 and a 12 month high of $49.00. The stock’s 50 day moving average price is $46.94 and its 200-day moving average price is $45.61.
Several large investors have recently added to or reduced their stakes in PCH. Geode Capital Management LLC increased its stake in shares of Potlatch Corporation by 7.9% in the first quarter. Geode Capital Management LLC now owns 333,691 shares of the real estate investment trust’s stock valued at $15,249,000 after buying an additional 24,445 shares during the period. Bank of Montreal Can increased its stake in shares of Potlatch Corporation by 80.9% in the second quarter. Bank of Montreal Can now owns 49,769 shares of the real estate investment trust’s stock valued at $2,274,000 after buying an additional 22,264 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Potlatch Corporation by 8.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 236,671 shares of the real estate investment trust’s stock valued at $10,816,000 after buying an additional 17,517 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Potlatch Corporation by 28.9% in the first quarter. State of Alaska Department of Revenue now owns 20,480 shares of the real estate investment trust’s stock valued at $935,000 after buying an additional 4,590 shares during the period. Finally, Washington Trust Bank increased its stake in shares of Potlatch Corporation by 1.4% in the first quarter. Washington Trust Bank now owns 100,327 shares of the real estate investment trust’s stock valued at $4,585,000 after buying an additional 1,388 shares during the period. Hedge funds and other institutional investors own 80.72% of the company’s stock.
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.
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