Potlatch (PCH) Upgraded to “Outperform” by UBS Group

UBS Group upgraded shares of Potlatch (NASDAQ:PCH) from a market perform rating to an outperform rating in a report published on Monday, The Fly reports.

PCH has been the topic of several other reports. BidaskClub lowered shares of Potlatch from a hold rating to a sell rating in a research note on Saturday, December 2nd. Zacks Investment Research lowered shares of Potlatch from a strong-buy rating to a hold rating in a research note on Wednesday, October 25th. Vertical Research lowered 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. Finally, Bank of America upgraded shares of Potlatch from an underperform rating to a neutral rating and set a $54.00 target price on the stock in a research report on Tuesday, January 2nd. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Potlatch has an average rating of Hold and a consensus price target of $49.67.

Potlatch (PCH) opened at $50.70 on Monday. The company has a market cap of $2,090.00, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 3.79 and a beta of 1.44. Potlatch has a one year low of $39.05 and a one year high of $56.35. The company has a quick ratio of 1.72, a current ratio of 2.17 and a debt-to-equity ratio of 2.92.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 8th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, December 7th. This is a positive change from Potlatch’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.16%. Potlatch’s dividend payout ratio (DPR) is 74.07%.

In other news, VP William R. Dereu sold 4,720 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $52.50, for a total transaction of $247,800.00. Following the transaction, the vice president now directly owns 26,142 shares in the company, valued at $1,372,455. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.52% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PCH. American Century Companies Inc. lifted its holdings in shares of Potlatch by 120.8% during the third quarter. American Century Companies Inc. now owns 876,175 shares of the real estate investment trust’s stock worth $44,685,000 after purchasing an additional 479,278 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Potlatch by 7.3% during the second 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 during the period. Principal Financial Group Inc. lifted its holdings in shares of Potlatch by 112.4% during the third quarter. Principal Financial Group Inc. now owns 369,872 shares of the real estate investment trust’s stock worth $18,863,000 after purchasing an additional 195,726 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Potlatch by 31.9% during the third quarter. Bank of New York Mellon Corp now owns 688,893 shares of the real estate investment trust’s stock worth $35,133,000 after purchasing an additional 166,615 shares during the period. Finally, Boston Advisors LLC acquired a new stake in shares of Potlatch during the third quarter worth $8,189,000. 84.79% of the stock is owned by hedge funds and other institutional investors.

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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.

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