Potlatch Corporation (PCH) To Go Ex-Dividend on December 7th
Potlatch Corporation (NASDAQ:PCH) declared a quarterly dividend on Monday, October 23rd, RTT News reports. Shareholders of record on Friday, December 8th will be given a dividend of 0.40 per share by the real estate investment trust on Friday, December 29th. This represents a $1.60 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from Potlatch’s previous quarterly dividend of $0.38.
Potlatch (PCH) opened at $51.20 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 1.72 and a debt-to-equity ratio of 2.92. The stock has a market cap of $2,061.00, a price-to-earnings ratio of 22.66, a price-to-earnings-growth ratio of 4.25 and a beta of 1.44. Potlatch has a twelve month low of $39.05 and a twelve month high of $56.35.
Potlatch (NASDAQ:PCH) last posted its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.94 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.06. The business had revenue of $190.40 million for the quarter, compared to the consensus estimate of $187.29 million. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the firm posted $0.68 earnings per share. equities research analysts predict that Potlatch will post 2.39 EPS for the current year.
In other Potlatch news, VP William R. Dereu sold 4,720 shares of Potlatch stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the completion of the sale, the vice president now directly owns 26,142 shares in the company, valued at $1,372,455. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.52% of the stock is currently owned by company insiders.
Several equities analysts have recently weighed in on PCH shares. BidaskClub downgraded shares of Potlatch from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Vertical Research downgraded shares of Potlatch from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BMO Capital Markets restated a “hold” rating on shares of Potlatch in a research report on Monday, October 23rd. DA Davidson raised their price objective on shares of Potlatch to $47.00 and gave the stock an “underperform” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Potlatch from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Four investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $49.40.
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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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