Potlatch (NASDAQ:PCH) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Potlatch from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research report on Saturday, January 6th. BMO Capital Markets restated a “hold” rating on shares of Potlatch in a report on Monday, October 23rd. Bank of America upgraded shares of Potlatch from an “underperform” rating to a “neutral” rating and set a $54.00 target price for the company in a report on Tuesday, January 2nd. Raymond James Financial upgraded shares of Potlatch from a “market perform” rating to an “outperform” rating and set a $54.00 target price for the company in a report on Monday, January 8th. Finally, UBS Group upgraded shares of Potlatch from a “market perform” rating to an “outperform” rating in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $49.67.

Shares of Potlatch (PCH) opened at $51.55 on Friday. Potlatch has a 52-week low of $39.05 and a 52-week high of $56.35. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.17 and a quick ratio of 1.72. The company has a market cap of $2,093.49, a P/E ratio of 23.76, a price-to-earnings-growth ratio of 3.79 and a beta of 1.44.

Potlatch (NASDAQ:PCH) last announced its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.06. Potlatch had a net margin of 13.54% and a return on equity of 54.42%. The company had revenue of $190.40 million for the quarter, compared to the consensus estimate of $187.29 million. During the same period in the prior year, the firm posted $0.68 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. equities research analysts anticipate that Potlatch will post 2.39 earnings per share for the current year.

In other news, VP William R. Dereu sold 4,720 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.50, for a total value of $247,800.00. Following the completion of the transaction, the vice president now owns 26,142 shares in the company, valued at approximately $1,372,455. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.52% of the company’s stock.

A number of large investors have recently modified their holdings of PCH. Schwab Charles Investment Management Inc. boosted its stake in Potlatch by 4.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 246,854 shares of the real estate investment trust’s stock worth $11,282,000 after purchasing an additional 10,183 shares during the period. Legal & General Group Plc boosted its stake in Potlatch by 21.4% during the 2nd quarter. Legal & General Group Plc now owns 31,821 shares of the real estate investment trust’s stock worth $1,454,000 after purchasing an additional 5,606 shares during the period. Prudential Financial Inc. boosted its stake in Potlatch by 394.5% during the 2nd quarter. Prudential Financial Inc. now owns 144,538 shares of the real estate investment trust’s stock worth $6,605,000 after purchasing an additional 115,306 shares during the period. Principal Financial Group Inc. boosted its stake in Potlatch by 3.5% during the 2nd quarter. Principal Financial Group Inc. now owns 174,146 shares of the real estate investment trust’s stock worth $7,959,000 after purchasing an additional 5,808 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in Potlatch by 0.4% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 7,018 shares of the real estate investment trust’s stock worth $239,000 after purchasing an additional 30 shares during the period. Hedge funds and other institutional investors own 84.79% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Potlatch (PCH) Stock Rating Upgraded by BidaskClub” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.dailypolitical.com/2018/01/15/potlatch-pch-stock-rating-upgraded-by-bidaskclub.html.

About Potlatch

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 (NASDAQ:PCH)

Receive News & Ratings for Potlatch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Potlatch and related companies with MarketBeat.com's FREE daily email newsletter.