Potlatch Corporation (NASDAQ:PCH) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada reaffirmed a “hold” rating and set 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 on the stock in a research report on Friday, July 28th. BMO Capital Markets reaffirmed a “hold” rating and set a $40.00 target price on shares of Potlatch Corporation in a research report on Thursday, July 20th. Raymond James Financial, Inc. cut Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Finally, UBS AG cut Potlatch Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 27th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $45.80.

Shares of Potlatch Corporation (NASDAQ:PCH) opened at 50.70 on Friday. The company has a market capitalization of $2.06 billion, a P/E ratio of 25.09 and a beta of 1.41. Potlatch Corporation has a 12-month low of $36.35 and a 12-month high of $52.45. The firm has a 50-day moving average price of $48.25 and a 200 day moving average price of $46.72.

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Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Potlatch Corporation by 1.6% in the 2nd quarter. BlackRock Inc. now owns 4,839,675 shares of the real estate investment trust’s stock worth $221,173,000 after purchasing an additional 75,874 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Potlatch Corporation by 7.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,680,147 shares of the real estate investment trust’s stock worth $168,183,000 after purchasing an additional 251,612 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Potlatch Corporation by 3.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,588,200 shares of the real estate investment trust’s stock worth $72,581,000 after purchasing an additional 59,647 shares in the last quarter. State Street Corp boosted its position in shares of Potlatch Corporation by 8.0% in the 2nd quarter. State Street Corp now owns 1,378,999 shares of the real estate investment trust’s stock worth $63,023,000 after purchasing an additional 102,275 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Potlatch Corporation by 38.7% in the 1st quarter. Wellington Management Group LLP now owns 1,229,747 shares of the real estate investment trust’s stock worth $56,200,000 after purchasing an additional 343,231 shares in the last quarter. 83.25% of the stock is owned by hedge funds and other institutional investors.

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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